Is this a tipping point for the industry – or a turning point?


Investor institutionalisation has created a much more stable and stickier capital base

By Nick Evans

Once again hedge funds seem to be at a turning point, not to say a possible tipping point.It has been a grisly summer and start to autumn, with acute alarm about Europe’s financial (and political) crisis and mounting worries about global economic growth prospects triggering wildly volatile and often chaotic market conditions over the past few weeks.

Performance has not been good for the most part – and very bad in many individual cases. But it has also been very good in a few select cases – with a smattering of funds, notably in the