Some of the best minds are returning to the basics of hedge fund investing – running money for themselves and a group of like-minded investors
By Aradhna Dayal
The year 2011 opened with a mixed bag of news: heartbreaking stories of several blue-blooded Asian hedge fund managers finally throwing in the towel, coupled with a few heart-warming stories of valiant comebacks.
Whether it is the rigour of coping with harsh markets, the frustration of dealing with incessant demands for performance, the thorny path to win quality capital or just the desperation of their strategies being boxed in by institutional investors and regulators – I find a cross-section of managers in Asia saying: “Enough is enough.”
Prominent among these