When hedge funds attack

risk-090201-11-gif

Hedge funds changed shape in 2008. From being seductive sources of so-called alpha, they swiftly morphed into demonic and difficult-to-control investments, startling dealers and investors alike.

The industry is believed to have endured its worst-ever 12 months in 2008, both in terms of investment returns and redemptions (see box). Spiralling redemptions have forced many hedge funds and funds of funds to impede outflows to protect their remaining investors. This, in turn, has hampered attempts by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: