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From Kirsten Bischoff, Opalesque New York: "We're thrilled with such tremendous turnout," commented Bruce McGuire, Founder of the Connecticut Hedge Fund Association (CHFA) and Co-Chair of the Global Alpha Forum which was held September 16th and 17th. For the second day in a row, as the markets bandied up and down, with the Dow, Nasdaq, and S&P 500 finally finishing the day down between -4.06% and 4.94%, hedge fund managers and investors hunkered down together in Greenwich, Connecticut.
"Investors are jittery," was the remark from one manager, returning to the table during lunch, his blackberry gripped firmly in hand. A brief discussion amongst colleagues then covered news of the 2nd day of halted trading in the Russian markets and the drop of the Brazil Real.
Although the crowds around monitors at sponsor Bloomberg's booth made it clear that managers were itching to be in front of their "screens", much of the draw for opting instead to attend the two day conference in the midst of the financial market turmoil was the chance to gauge the reactions and outlooks of colleagues. Also deemed too timely to miss were the presciently scheduled panel discussions covering everything from the global economic outlook to global industry regulation. "The thorough and balanced views represented in panels," were what held the attention of Orchard Heritage Mortgage Opportunity Fund's Patrick Davis who along with almost everyone ...................... To view our full article Click here
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