By Neil Wilson
Ever since summer, hedge fund names have seldom been out of the headlines. And by some accounts, the industry could be facing further big losses - with various pundits arguing that redemptions from investors could spark a further wave of deleveraging that can only further roil the turbulent markets.
Since we first launched EuroHedge in January 1999, doomsayers have been predicting that the boom in hedge funds would be followed by an inevitable bust - and they have been wrong so many times before, it is tempting to dismiss this latest speculation as yet more wild scaremongering. However, with the credit crunch biting so hard that banks have apparently become reluctant to lend even to each other, there has perhaps been more genuine concern than at any time since the tumultuous near-collapse of Long Term Capital Management in 1998.
In this environment, I would not be at all surprised...