The happy solution to volatile equity markets or an accident waiting to happen? Hedge funds, long the darlings of super-wealthy individuals, are now attracting attention from institutions and even retail investors. Funds are pouring into the sector faster than ever. But though the salesmen say there is plenty more room for investors to fill their boots, some people fear that they could be the next investment bubble after dot coms and private equity.
Julian Marshall,
January 01, 2002