Hedge Funds

The greatest hits of 2010


Jamie Dinan of York Capital Management
Read on to find out why he looks so relaxed

If 2009 was the party, 2010 was a bit like the morning after: Hedge funds managed to get back to work, but they had a headache for most of the year.

It wasn’t all their fault. While some heavily long investors got whipsawed when stocks turned against them, others got caught in the crazed flash crash. Still others had bet on BP just before the Deepwater Horizon disaster, which sent the company's shares plummeting.

Betting on a doomsday scenario,