Rita's silver lining sees fund of hedge funds managers barrel into energy

Hurricane Katrina, the relentless rise of oil prices and the Federal Reserve's quarter-point interest rate hike were August's biggest stories, according to hedge fund managers polled by Hedge Funds Review in August and September.

Buoyed by the damage wreaked by Hurricane Katrina upon US oil installations, energy, oil and gas stocks and other energy-related companies performed well, whereas those with exposure to the US consumer were weak. Gottex Fund Management noted the S&P 500's 0.69% year