Money managers under the microscope
News and views on the fund industry from Reuters and elsewhere:
Was Druckenmiller just too big? – Reuters
Subprime lending gets heart a-flutter – Reuters
Blackstone in India – FT
Hedge funds offer bad omen for housing – The Scotsman
The worst financial crisis in 80 years has tarnished many previously sparkling reputations.
In fund management, as in banking, many managers who previously looked like the shrewdest around were left looking like investors who could profit well enough in a bull market, or even during the dotcom bust, but just couldn’t deliver the goods when times got really tough.