The year 2007 was exceptionally challenging in the markets, both for banks and for hedge funds. Nevertheless, despite a few high-profile casualties, the hedge funds generally came through pretty well with some, such as the funds managed by Paulson & Co., producing amazing and unprecedented gains. So can we hope for or expect more of the same in 2008?
Well, this year certainly doesnt look like its getting any easier. There were without doubt some difficult months last year, notably August and November. But 2008 has started off with a January that was, if anything, even