Industry giants say fewer competitors, wider spreads spell big opportunities.

Mon Mar 30, 2009

The massive dislocation of asset classes, caused by the deep financial and economic crisis, is presenting opportunities of a lifetime for the biggest and best multistrategy hedge funds.

"There is no question there is enormous opportunity everywhere," said Michael Hintze, founder of the $7 billion CQS Management of London. Hintze spoke on March 12 at HedgeFund Intelligence's Global Briefing Seminar (in conjunction with InvestHedge), held at The Pierre in New York. Other panelists in the world-class fund manager lineup were Izzy Englander, founder of $11.5 billion Millennium Partners; Alan Howard, co-founder of $20 billion Brevan Howard Asset Management, and John Paulson of $29 billion Paulson & Co.

John Paulson (left) and Michael Hintze

Paulson echoed Hintze, saying he is quite bullish on investment opportunities. "The next shoe to drop is consumer credit cards and commercial...

ISSN: 2151-1845 / CDC10004H

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