A new magazine for a new era

August 26, 2009  


By Michelle Celarier

The financial crisis of 2008 cast a long shadow over hedge funds. Even though performance has bounced back this year-in some strategies dramatically so-the industry remains in the midst of a profound transformation.

Two surveys in this inaugural issue of AR, the magazine created by the combination of Absolute Return and Alpha, speak to the changes: the first AR Hedge Fund Report Card and the semiannual Absolute Return Billion Dollar Club.

The Billion Dollar Club, a ranking of every American hedge fund with more than $1 billion in assets, confirms that the total number of such firms and the assets they manage is lower still...

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