The safest port in the storm?


All the recent surveys indicate that investors plan to put more of their money into hedge funds rather than less

By Nick Evans

Nice as it was – for equity strategies at least, if not for CTAs or macro funds – October’s powerful risk-on rally did not last long.

The ‘new normal’ – of volatile markets and whipsawing investor sentiment – has returned with a bang. And November has been a case of back to business as usual in this exceptionally tough year, with a growing realisation that the extremely challenging and hazardous investment environment could be here for a while.

Far from erecting a firewall to contain the Eurozone financial crisis, all that the European and G20 leaders