WEST PALM BEACH, FL (www.hedgeco.net) – The Chief Executive of Tribeca Global Management, a hedge fund investment subsidiary of Citigroup, Tanya Styblo Beder, said, �Hedge funds are enjoying arenaissance, she however noted that the more sucesscesful managers are increasingly institutional players. The advantage of big actors in the hedge fund arena according to her includes size andspeed.
In her remark in a recent press conference, Tanya said, “To those who think this is the beginning of the end for hedge funds, I say the reverse, scale and strategy diversification can boost returns well beyond what the industry has ever seen.�
Beder remarked that the time for a single hedge fund manager employing new strategies to beat the markets are gradually coming to an end. She explained that emphasis is now shifting to the big institutional hedge funds, with unmatched resources and technology, which offers them unparallel advantages in the markets. She added, “The hedge fund industry is increasingly transforming from one where the hunters and gatherers dominate to one where the farmers do, it’s hard in a market where inefficiencies are driven out so quickly to have just a single strategy – nothing lasts forever.”
Hedge funds employ many different strategies for trading. While some strategies are out of favor, other strategies are getting more popular. Beder said, �Today, long-short strategy seem to be the most popular trading strategy particularly in trading Asian equities.� Hedge funds last year returned about 9.6 percent on the average, compared to an average of 15.44 percent returned by the average hedge fund in 2003.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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