A Seminal Moment for Hedge Funds

For the second time in four years, hedge funds are navigating through a seminal market environment that will surely define reputations. In some cases it will determine who will remain in business and attract more clients, who will shut down and who will just limp along. To put it bluntly: if a manager failed to protect investors during both 2008 and the current market volatility, especially since May, chances are investors will bail out faster than you can say QE3.