Dollar doldrums and LatAm debt dent confidence

ABN Amro's head of alternative investments, Gary Smith, is cautious on the outlook for hedge funds as the dollar falls and a Latin American debt crisis looms.

Smith said in the past there had been a high correlation between debt problems in emerging markets and fallout in the hedge funds industry, a reference to the collapse of LTCM following the late 1990s' emerging markets crisis.

He added that a weakening dollar was also a negative when many hedge funds were holders of US securities. 'At the m

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