Doing more with less in 2008

The credit crunch, which started in the middle of 2007, is taking its toll. Markets around the world have tumbled. Asian hedge funds lost around 5.6% over the first four months of this year - the worst such period for around eight years, according to data from Eurekahedge. A recent article in The Times reported that around 170 hedge funds entered liquidation over the first three months of 2008: this closure rate is 23% above that in the corresponding first quarter of 2007. In addition, the

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