Bloomberg – As investors make a year-end review of their portfolios, they will see that after all the predictions of the demise of the banking industry earlier this year, most financial stocks have done pretty well.
Except for one group: hedge-fund management companies.
While the rest of the financial industry has largely recovered from the credit crunch, the small group of publicly traded hedge funds is in the doldrums. They have about as many friends as Tiger Woods at a convention of marriage guidance counselors.
