According to Justin Dew, hedge fund analyst, hedge fund returns are down about 50 basis points for the year. The loosly regulated hedge fund industry is suffering losses due in part to uncertaintity in the credit markets. Emerging market hedge funds are down as well. There has been much hype this past year where hedge funds are concerned, and the disappointing results don't seem to be scaring the investors away. Industry insiders are asking "why." The Boston Globe reports:
For the loosely regulated $1 trillion industry, a weak first quarter will follow last year's disappointing results when hedge funds faced a lack of trends for most of the year and underperformed the broader market.Read more: US hedge funds' gains meager in 1st quarter
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