| 30.09.2008 Opalesque Exclusive: As hedge funds approach an attrition rate of -7.0% for the full year, the importance of pre-launch planning for possible future periods of distress increases – Part Two |
| From Kirsten Bischoff, Opalesque New York: ...
Chief Investment Director of GAM’s multimanager business David Smith recently told the Wall Street Journal "I would not be surprised if the hedge-fund industry has net cash outflows for the next few quarters, though I expect the demand for absolute-return products will continue". (Source) Additionally sobering are the statistics relea |