Rocky road ahead for hedge funds

Despite the fact the last two months have "thrown a wrench into the perception of long/short equity hedge funds, I don't think it has changed the underlying business model, despite the dislocation of markets. We will look back at some point and understand the business model is not broken, just bent a bit," comments Richard Schutte, chief operating officer at Galleon Group.

Galleon launched its technology strategy in 1992 with just $25 million. The original premise was to combine fundamental resea