Editor's Letter

Taking stock in a time of turbulence

Hedge funds cannot predict a moment of impact, but they can add value over time

New horizons; fresh thinking

As fund-management businesses become increasingly nuanced, so too are investors becoming increasingly knowledgeable about what hedge fund strategies offer

Building business through partnerships

'Teaming up' is the theme of this edition, as firms forge alliances to take them to the next level

Hedge funds help to minimise volatility in market storm

Flexible exposure pays off when it really matters, as investors look for protection in tough times

The pressure is on across global markets

Current stresses present a huge opportunity for hedge funds to prove themselves

A regulated environment brings benefits

Complying with the new rules is taking a lot of effort all round, but in time the advantages could be multiple

“Done is better than perfect’

The time has come for hedge fund managers to decide on their way forward in the new regulatory environment

In praise of intermediaries

Fund of funds, consultants and distribution firms have a role to play in helping the industry reach its potential

Making intelligent choices

Focusing on manager skill is becoming ever more critical in a host of areas, from fund performance to industry transition

Putting the pieces together

Transitioning to the new regulatory environment requires a lot of detail-driven work but the benefits should be multiple