David Williams, DLA Piper

Multi-tasking will be the key skill. The volatile markets of late 2008 will undoubtedly give rise to a host of new challenges in 2009, all of which will need to be managed simultaneously. A number of challenges are expected. Instability and uncertainty raises the prospect of investors moving to perceived safe harbour investments, presenting managers with potential liquidity issues. Recent events have increased the likelihood of further regulation of the hedge fund industry. When the dust settles