Beta trackers unlikely to prosper in 2010, says Man

Greater dispersion and volatility is likely in the coming months, which should benefit fund managers that trade more actively, says Thomas Della Casa, head of research, analysis and strategy at hedge-fund group Man Investments in Pffaffikon, Switzerland. Hedge funds with large beta exposure posted strong gains in 2009, but that is unlikely to be the case this year, he said during a press briefing in Hong Kong last week. "We foresee a lot of dispersion between individual stocks, secto…