Hedge funds continue to face challenges as investors remain cautious

Platitudes, possibilities and probability

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Entering the home stretch of 2010 the world may seem to be more ordered and stable but a closer look will show it to be otherwise. The repercussions of the financial crisis are still being played out, noticeably in the US and Europe.

First, a stressed US administration, panicked at the prospect of electoral defeat, has been notching up the useful platitudes for voters, foreign countries and international organisations. The somewhat woolly logic of the average US politician, and particularly the W

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