Debt market gridlock forces hedge funds to scale back

02/11/2008 | Financial Times (free content)

Banks, struggling with the gridlock in the debt markets, have been less willing to loan money to hedge fund clients. Overall performance for hedge funds was a negative 1.8% in January. "It will be surprising if we don't see a lot of hedge funds close down at some point this year," said Marc Freed, a managing director at Lyster Watson Investment Management.

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