Dispersion, rotation – and surviving 2008

Mon Mar 3, 2008

The year 2007 was exceptionally challenging in the markets, both for banks and for hedge funds. Nevertheless, despite a few high-profile casualties, the hedge funds generally came through pretty well – with some, such as the funds managed by Paulson & Co., producing amazing and unprecedented gains. So can we hope for – or expect – more of the same in 2008?

Well, this year certainly doesn’t look like it’s getting any easier. There were without doubt some difficult months last year, notably August and November. But 2008 has started off with a January that was, if anything, even more treacherous, featuring bearish conditions and some wild, intramonth swings both up and down, especially for hedge funds trading equities in Europe and Asia.

In Europe, the EuroHedge Composite index was down 1.21% in January – not quite as bad as last August or November,...

ISSN: 2151-1845 / CDC10004H

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