How did hedge funds navigate August 2007?
Most hedge fund strategies live to fight another day, although Asia long/short fared less well than expected.
ôThe sky is falling in,ö reported Chicken Little. Nevertheless, it didnÆt collapse on our heads, at least not for most hedge fund strategies in August 2007. Harbingers of doom anticipating the beginning of the end for the hedge fund industry have to wait a while longer.At this point, with the credit crunch perhaps at the end of chapter one, cashed-up hedge funds are poised to acquire assets at shop-soiled prices. For example, a selection of hedge funds, including Citadel, which always…
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