The pressure on many funds – even those who have performed excellently over the years – to raise their game in 2012 will be intense
By Nick Evans
The best that can be said for 2011 is that at least it was not as bad as 2008. And the best that can probably be hoped for 2012 at this early stage is that it is no worse than 2011.
Being a hedge fund manager at the moment is tough, to say the least. Politics and macro events are adding a whole extra layer of investment risk, making most fundamentally based strategies extremely hard to deploy in a constantly changing risk-on/risk-off environment.
But being an investor is arguably even tougher. Knowing where to allocate