Prime broker rage

Hedge funds


The oft-touted claim that a good hedge fund manager can generate positive returns in even the most volatile of markets has been thoroughly tested by the unprecedented events of 2008. Funds of all sizes have taken a pounding in the second half of the year amid a spike in volatility and correlation and an evaporation of liquidity, forcing large-scale deleveraging and a surge in redemption requests by investors. Of the 16 strategies indexes monitored by Chicago-based data provider Hedge Fund Res