Experts predict hedge fund failures, panic

Bloomberg

10/23/08

Hedge funds closures will eliminate about 30 percent of the industry, and policy makers may need to shut markets for a week or more to stem panic, according to presentations at an investor conference today in London. ‘In a fairly Darwinian manner, many hedge funds will simply disappear,” Emmanuel Roman, co-chief executive officer at GLG Partners Inc., told the Hedge 2008 conference in London...

//www.bloomberg.com/apps/news?pid=20601213&sid=a52GAAq9aOSc&refer=home


Informant: Thomas L. Knapp



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