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Tough Times Ground Hedge Fund High-Fliers

Specialized investment industry dragged back to earth by shaky market

By Nick McMaster, Newser Staff

Posted Sep 12, 2008 12:41 PM CDT

(Newser) – The recent market turmoil has taken a good deal of the shine off of hedge funds, as managers are unable to reproduce their heretofore exemplary results in poor market conditions, the New York Times reports. The average hedge fund lost 4% this year, the worst... Read full story »

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Tough Times Ground Hedge Fund High-Fliers

Specialized investment industry dragged back to earth by shaky market

finance • hedge fund • investment • credit market • endowment • pension funds • investment banks • hedge funds

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More Newser Stories

Conn. Firm Collected $500M From Madoff's Marks

Fairfield Greenwich didn't deliver promised oversight to clients

Many Retirees Will Have Less Than They Think

Economist compares direct-benefit to direct-contribution plans

JP Morgan Coughs Up $153M to Settle Fraud Case

Investors misled about shoddy securities

Libya Lost $1B Investing With Goldman

2008 investment slammed by financial crisis

Hedge-Fund Tycoons Ditch Obama for GOP

They feel betrayed by president's tough talk

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