By Neil Wilson
the shocking recent news concerning Raj Rajaratnam and Galleon
in the U.S., there has been a marked change in mood of late in
the global hedge fund industry. Back in the springtime, when we
held our annual EuroHedge Summit in Paris after the turmoil of
last year, the atmosphere was still distinctly negative and
However, by the time of our recent InvestHedge Forum at the
British Museum in September, the mood was tangibly more upbeat
and positive. So what had changed? And can-or will-it last?
Well, one thing that has become clear since last spring is
that the financial world as we know it is not coming to an end.
The concerted efforts of governments and central banks, in the
form of bailouts, fiscal stimulus and quantitative easing, have
done the trick and pulled us out of the abyss-at least for