Funds to Watch Hedge Funds

Funds to watch

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Absolute Return's annual survey profiles tomorrow's likely winners.

Absolute Return's annual survey profiles tomorrow's likely winners

By Josh Friedlander

Jeffrey MeyersThis year's crop of Funds to Watch have all proved the importance of skepticism - be it about the credit boom, the rising stock market or the U.S. dollar. More than a few of this year's picks netted gains in 2008 - a rare achievement - but for some those gains were not achieved without suffering. Both Anna Nikolayevsky of Axel Capital Management and Ray Bakhramov of Forum Asset Management underperformed relative to their peers in earlier periods because they were defensive going