If there was one point made clearly at the Hedge Funds World Global Opportunities 2005 conference in New York in April it was this: the denigrators of the available talent and opportunity in hedge funds are wrong. Badly wrong.
As representatives from region after region took the podium, not one complained of a lack of volatility, of no new instruments, of scarce market mis-pricings, of few new strategies to pursue.
Quite the contrary, in fact. In China, in Latin America, in India, in Asia, ex-
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