Editor's Letter

Finding the edge in times of unreason

Investors should be judging funds based on how they respond to different market conditions over time

Seeking value in a volatile and vulnerable environment

With a cloudy economic outlook, South African investors would do well to keep alternatives in their sights

Making steady progress

Measured growth combined with lateral thinking are welcome characteristics in an industry where constant change seems to be the norm

Finding the right balance

Industry growth depends on creating a conducive environment on all fronts

A growing sense of maturity

Level-headed and open debate shows an industry positioned to reach a broader audience

Shifting the mindset of mainstream investors

Hedge funds are finding the right fit in many institutional investor portfolios, adding alpha and protecting against risk

Contrarians in the herd

Managers prove their worth during year as markets move up

Adding talent and skill of prime importance

Managing growth needs to be done responsibly as the big get bigger

Opportunities and concerns weigh equally

Bigger-picture issues front of mind as managers build portfolios

Considering risk as well as reward

Global investors appear to be taking a longer-term view to funds' performance