Hedge fund derivatives house of the year - Deutsche Bank
The hedge fund derivatives business has been one of the hardest hit by the crisis. Abysmal performance figures across multiple hedge fund strategies in 2008 triggered an upsurge in redemption requests from investors in the last quarter of that year. This turned into a torrent in the first three months of 2009, after the discovery in December 2008 of a $65 billion fraud by New York-based broker and investment manager Bernard Madoff.
The massive outflows forced many hedge funds and fund of funds
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