MONDAY NOVEMBER 05
The Hedgie Hedgie Shake

To borrow from trader parlance, the hedge fund industry is shaking out its weak longs. About 1,200 funds will launch this year, down 20% from 2006. There were roughly 9,900 funds worldwide at September’s end. And the 20 biggest fund managers control one-third of the industry's assets. In short, that means if you are out to win this game, you’d better stop leaning on brand names and start putting your soft, wussy back to the grindstone.

November 2007

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