The hedge fund sector has suffered a double crisis in recent months. The credit crunch and resultant risk aversion from investors saw record cross-asset class fund outflows of $158.9 billion in 2008, with the majority of it in the final quarter, according to analysts. Coupled with that, the emergence of the $65 billion Madoff fraud in December 2008 further shook confidence in the sector.
Even against this challenging backdrop, hedge fund manger Galena Asset Management produced a 2008 return of 2
The week on Risk.net, October 6-12, 2017Receive this by email