Financial Times FT.com

Hedge funds cut down to size?

By James Mackintosh

Published: January 11 2009 19:04 | Last updated: January 11 2009 19:04

Hedge funds maze

As hedge fund managers returned last week to their plush offices in London’s Mayfair and Greenwich, Connecticut, many hoped to forget the industry’s worst year on record. But 2009 threatens to bring a detox diet for traders previously held up as among the world’s best – thinning the industry’s ranks and putting in jeopardy the fat fees that turned many “hedgies” into billionaires.

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