Lack of management talent in strategies

Fears of a dearth of management talent among hedge funds still open for investment could lead hedge fund investors out of strategies such as convertible arbitrage and illiquid strategies such as distressed investing.

But experts at the GAIM conference in Geneva warned that managers in the obvious long/short strategies were also finding it tough going with uncertainty created by accounting anomalies among listed companies.

Fabio Savoldelli, managing director of Merrill Lynch Investment Managers