Hedge funds panacea

Confidence in hedge fund investments has hit an all-time low due to poor performance and fears of fraud after the collapse of Bernard Madoff’s $65 billion Ponzi scheme. Managed accounts offering improved transparency and control over assets are being tout

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  Hedge fund managers, battered by volatile markets and the withdrawal of leveraged funding after September 2007, have faced record redemptions of more than $1 trillion by cash-strapped investors. They have also been savaged on exit trades by prime brokerage businesses in the immediate aftermath of the collapse of Lehman Brothers in September 2008 and probably thought matters couldn’t get much worse until the industry was again sent reeling by revelations in December 2008 that US f