Editor's Letter

A growing sense of maturity

Level-headed and open debate shows an industry positioned to reach a broader audience

Shifting the mindset of mainstream investors

Hedge funds are finding the right fit in many institutional investor portfolios, adding alpha and protecting against risk

Contrarians in the herd

Managers prove their worth during year as markets move up

Adding talent and skill of prime importance

Managing growth needs to be done responsibly as the big get bigger

Opportunities and concerns weigh equally

Bigger-picture issues front of mind as managers build portfolios

Considering risk as well as reward

Global investors appear to be taking a longer-term view to funds' performance

Checks and balances exist to protect investors

When red flags are raised, take heed

Time for hedge funds to build their brands

Quality not quantity is the name of the game in the industry at present

Evolutionary environment

All evidence suggests that the industry is in a better place than in years gone by

Opportunity in accountability

Increased disclosure is part of a growing global trend in the hedge fund industry