January 29, 2008: The day the tide turned for hedge funds?
Feb 3rd, 2008 | Filed under: Hedge Fund Industry Trends
Matthias Knab, founder of the hedge fund newsletter Opalesque, put it simply on the morning of January 29, 2008:
“…Looks like the hedge funds, having served for a decade now as scapegoats for any financial disaster or for any bother for which no one else was to blame, are striking back…”
After enduring a year of particularly pronounced “scape-goat-itude”, hedge funds have suddenly been replaced by banks as the villains de jour. In fairness, this transition probably began with the sub-prime crisis which although it tipped a few hedge funds into liquidation, had an even more profound impact on traditional investing.
Knab refers to this piece in the FT which observed that:
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