Hedge funds' glory days seem a long way off as they head
into a tricky 2013, with bumper profits likely to remain elusive in markets now
dominated by political and central bank action, according to the good folks at Reuters.
Speakers at the Reuters Global Investment 2013 Outlook
Summit said the $2 trillion industry, which has disappointed investors with
below-market returns this year and losses last year, faces a headache making
money in an environment where markets are choppy and not as buoyant.
"We're now (in) a world where we recognize that the
ability to make money is a lot more difficult and there aren't that many people
who can do it. There simply aren't enough, it just doesn't exist," said
Saker Nusseibeh, CEO of Hermes Fund Managers……
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