Hedge funds assert their case

This article appears courtesy of Global Investor

Five years ago, hedge funds were at the pinnacle of the industry, the envy of the lower investing orders. But the global financial crisis has put the sector on the back foot, with a series of measures now set to curtail previous activities. Due partly to its culture of discretion and individuality, it may have been slow to respond, but it is now mobilising to defend its role and future.