Expect hedge fund managers to bounce back in 2015 after last year’s drubbing, said Tim Selby, President of the New York Hedge Fund Roundtable. Selby added that the spike in volatility so far this year will enable hedge fund managers to prove their value and demonstrate their skill at reducing risk in a portfolio. He said the rash of closures in 2014 was due to both poor performance and a tough regulatory environment. Selby said investors were opting for larger, high profile funds last year, thereby starving smaller players or new capital. Finally, Selby said liquid alternatives are not stealing share from traditional hedge funds.
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