Reuters – Hedge fund investors scarred by global credit crisis losses are setting their expectations lower and beginning to content themselves with smaller gains they would have balked at two years ago.
Widespread expectations before the credit crisis, fostered both by over-optimistic hedge funds and wide-eyed investors, that funds could make money in all markets were confounded by 19 percent losses in 2008 and followed up by smaller losses in the first half of this year.
