|
|
Article: Hedge funds may be next Wall Street 'bubble' to pop, say some analysts.
- Article from:
- Atlanta Journal-Constitution
- Article date:
- July 21, 2005
CopyrightCOPYRIGHT 2005 The Atlanta Journal-Constitution. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Tom Walker
Jul. 21--First came stocks, then houses.
Now some financial analysts see another potential "bubble" on Wall Street: hedge funds.
The classic signs seem to be there: accelerating returns over a long period, a big run-up in the number of such funds -- from about 500 to almost 8,000 in 15 years -- and, more recently, investor anxiety, withdrawal of funds and the failure of some large funds.
Affluent investors are drawn to hedge funds -- they offer high risk and, if handled well, high reward -- as a way to diversify their portfolios. But as the popularity of these funds has grown, some money managers have found ways to ...