Hedge funds must be ready for big waves

information technology

While the nineties may have played out like a Beach Boys' song, with everybody surfing the waves of market highs, the new millennium brought with it something more akin to a wave of destruction washing far into the economic hinterlands. Beset by a double whammy of tumbling equity markets and low interest rates, it left institutional and retail investors alike scrabbling for returns, their funding plans in disarray.

And so followed the arduous process of cleaning up, clearing out and rebuildi