Hedge Funds

Roth rides bust and boom cycle with big GLG Market Neutral bounceback

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GLG's long-running Market Neutral fund suffered a near-death experience in the CB and multi-strat meltdown of 2008. But Steve Roth and his team have since bounced back in style

Few individual hedge funds illustrate the violent bust and boom cycle that the industry has gone through over the past two years more graphically than Steve Roth's GLG Market Neutral Fund.

One of the oldest and best-known hedge funds in Europe - and one of the best performing over the past decade or more - the strategy has undergone a rollercoaster ride, losing more than 50% in the 2008 meltdown and since bouncing back spectacularly with a gain of over 100% to take the fund back over its high-water mark.

Most hedge fund managers had