An expected 33% jump in the number of hedge funds closing in 2002 compared to 2001 should leave the survivors in a strong position to prosper, according to index provider Tremont.
Barry Colvin, Tremont's president, said from a market perspective 2002 was 'one of the most difficult market environments to navigate. But those who have navigated it are in a very good position for 2003,' he said.
The difficult environment for hedge funds in 2001 proved particularly damaging to small hedge funds.
The week on Risk.net, December 2–8, 2017Receive this by email