Last Updated January 06, 2009
Hedge funds face redemption song
Hedge funds had their worst year ever in 2008, and the market could halve in size by the end of Q1 2009. But some funds will emerge stronger from the carnage writes Donald Twain.
Bob Marley put it best: ‘Redemption song…is all I ever sing.’ And it’s increasingly all hedge fund managers ever hear, as investors pulled out around US$86bn in October and November, and the total assets of the industry shrank by an estimated 30% during the quarter.
