Volatility and uncertainty characterise first six months of 2008

What has been the highlight in the first half of 2008?The first six months of 2008 have certainly been interesting. Market volatility, a fallout from the subprime debacle, has continued to provide opportunities while distressed debt and companies suffering from the lack of bank liquidity have led to the launching of a few hedge funds aiming to take advantage of these conditions.Assets under management fell sharply in the first half of the year as equity, bond and property prices slumped and