From Wealth magazine (yeah, you heard that right!): The strong will survive the hedge fund crisis.
With the credit crisis ravaging the investment banking industry there have been grim predictions for the future of the hedge fund business.
There is no doubt some changes will have to be made for the hedge fund model to adapt to the new world order. But, at a time when the investment banking industry has all but disappeared, the situation in the hedge fund world is not as disastrous as it could have been.
So the strong will survive, and the weak will fail?
Isn't this fuckin' obvious? Do we need a Ph.D. in journalism to figure this out?
Sorry, but what exactly is the point of this article?
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