Poised for the bounce and still rolling out new strategies


As usual, even as the pundits and the mainstream media are predicting the imminent demise of hedge funds, the industry is thriving - and some of its cohorts are even capitalizing on the current turmoil.

To be sure, hedge fund returns were alarming in April, falling by 1% on average, according to the Absolute Return database. And as we show in this issue, as of late May, investors were bracing for a reprise.

But hedge funds, lest anyone forget, are so named for their expertise in guarding against downturns. And that's saying nothing of