Barry Cohen, features and special reports editor,
and Neil Wilson, editorial director, HedgeFund
After coping remarkably well with the challenges of 2007,
the global hedge fund industry faced an extraordinarily
difficult year in 2008. Tumultuous market conditions, resulting
from the devastating impact of the worldwide credit crunch,
meant that hedge fund managers were forced to devise survival
strategies in order to cope with the most difficult environment
in the history of the industry.
According to the estimates compiled by HedgeFund
Intelligence, the stark figures illustrate the current state of
the industry. By the end of 2008,...