Working group sets up in eye of the storm


By Neil Wilson

Despite robust performance overall and rapid growth during the first half of 2007, the hedge fund industry yet again finds itself in the eye of a storm. With certain funds dramatically wiped out by the subprime collapse, and the spillover effects spreading across the credit spectrum into equities and causing unprecedented problems for market neutral strategies, it seems that hedge funds are once again being cast as the bad guys - the usual suspects causing disruption and peril in the markets. In the face of a daily barrage of criticism, it seems almost fruitless to point