Dead, or just resting?
Reports of the death of hedge funds have been greatly exaggerated
THE list of the fallen is getting longer. At Bailey Coates, a London firm, one hedge fund is believed to have lost more than 20% of its net asset value so far this year. The Strategic Allocation Program of John W. Henry, of Boca Raton, Florida, is expected to be down by 27% in the course of 2005. Quadriga, an Austrian hedge-fund group, has two funds which have lost more than a fifth of their value since last December.
This article appeared in the Finance & economics section of the print edition under the headline “Dead, or just resting?”
From the May 28th 2005 edition
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