Hedge funds
A war in Iraq could make capital preservation tricky
Disciplined risk management is key in current volatile market conditions
A difficult 2002 creates smaller, stronger market
fall-out from 2002 has good and bad repurcussions for 2003
The secret to success
After a slow start, ETFs have rapidly taken off and provide great value to institutional users as an alternative way to equitise cash
Knowing when the price is right
olatile markets have led to a change in risk procedures, with VaR and manager-led stop/loss strategies being favoured over automated controls
China to hit unregulated hedge fund black market
Government to take action against underground funds