Looking back on Canyon and Man Group at last year's Absolute Return symposium


Industry leaders urged caution as profit-killing 2011 neared its end.

 Mitch Julis offered blunt advice.

One year ago
Hedge fund executives from some of the top firms in the business spoke their minds at the 2011 Absolute Return Symposium.

"Hedge funds really haven't done what they were supposed to do this year," said Emmanuel Roman, COO of Man Group, the London-based investment manager with $64.5 billion in assets, which was then on its way to a 6.83% annual loss in its Man AHL Diversified managed futures fund (Man has done better this year;