crafter

Hedge Funds

Ice Break

Anticipating the credit crunch, some institutional investors readied their portfolios for an imminent bear market, while the majority stuck to strategic weights backed by long-term return assumptions. But who among either group thought that liquidity, the ultimate facilitator of portfolios, would become so thin that their strategies would become compromised for lack of it? In […]
Hedge Funds

Ice Break

Anticipating the credit crunch, some institutional investors readied their portfolios for an imminent bear market, while the majority stuck to strategic weights backed by long-term return assumptions. But who among either group thought that liquidity, the ultimate facilitator of portfolios, would become so thin that their strategies would become compromised for lack of it? In […]