It’s no understatement to say that the markets had a challenging year in 2007, with both banks and hedge funds under pressure. Nevertheless, despite a few high-profile casualties, the hedge funds generally came through pretty well – and some, such as the funds managed by Paulson & Co, produced amazing and unprecedented gains. So can we hope for – or expect – more of the same in 2008?
It certainly doesn’t look like getting any easier in 2008.
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