Riding the sea change

Wed Jan 30, 2008


In a year of extremes, from the best-crafted subprime shorts to the billions lost in the quant meltdown, plenty of hot topics were debated at the Absolute Return Symposium.


At the 2007 Absolute Return Symposium, industry leaders dissect the subprime short and the quant meltdown - and see trouble ahead for the U.S. and the dollar

From the billions of dollars hedge funds made shorting subprime to the billions lost in the quant meltdown, 2007 was a year of extremes - and excitement in the U.S. hedge fund industry that shows no signs of abating this year. "There will be a lot of funds going out of business in the coming year, but there will be a lot of people starting," said Byron Wien, chief investment strategist at Pequot Capital, at the opening panel of the 2007 Absolute Return Symposium, an annual event that was held in December. "This is a performance business, and it lives and dies by performance."

As Wien noted, "the funds that did well recognized what was going on in credit early." Among them were...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now