In your interest.
Online Personal Finance Magazine
No beating about the bush.
It was a horrible year for hedge fund managers. But not for these smart traders, most of whom bet correctly that the Western economies would nosedive
The hedge fund industry was on a high just a year ago. Today it is racked by volatility, losses and a credit squeeze. A large number of the world’s 10,000 hedge funds are closing down while the stellar reputation of many others is in tatters....