Absolute Return: past, present and future


By Michelle Celarier

In the premier issue of Absolute Return, March 2003, our cover profile of Louis Bacon and Moore Capital Management became the focus for a discussion of the critical topic of hiring and retaining talent. Ever since, we've continued to report in depth on the incredible story of the hedge fund industry - its star managers, the many challenges that have accompanied the huge growth and institutionalization of the business, the industry's battles with Washington, the stunning performance of many funds, the megalaunches and the big blowups.

It has been a wild ride. When we first began