Risk management for investors


European hedge fund managers suffered a real shock in the early months of 2009. Having been battered by market moves and losses elsewhere, investors started to pull money out of hedge funds in late 2008. That turned into a torrent after the Bernard Madoff Ponzi scheme was revealed in December of that year. Some hedge fund managers report the first three months of 2009 were the worst they have ever seen in terms of redemptions, with even those funds boasting positive performance not immune to the

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