By Neil Wilson
The extraordinary events of recent weeks have tested not only
the mettle of hedge fund managers, investors and service
providers to the limit, but also the creativity of headline
writers. And by now you might be thinking all those "market
meltdown" clichés must have been exhausted.
Maybe you should think again - because I have been musing on
yet more clichés, ones that would most appropriately
describe what has been happening to hedge funds in this
tumultuous period. I have been pondering such clichés
as: shooting the messenger, witch hunt, and of course, night of
the long knives.
While all those expressions may well suggest where hedge
funds stand today, I think another I heard recently sums up the
situation most aptly. And that is? Collateral damage.
The term came up in a discussion I had recently with someone
doing battle to uphold the industry's cause among regulators