Dearth of talent? What dearth of talent?

If there was one point made clearly at the Hedge Funds World Global Opportunities 2005 conference in New York in April it was this: the denigrators of the available talent and opportunity in hedge funds are wrong. Badly wrong.

As representatives from region after region took the podium, not one complained of a lack of volatility, of no new instruments, of scarce market mis-pricings, of few new strategies to pursue.

Quite the contrary, in fact. In China, in Latin America, in India, in Asia, ex-

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