Hedge funds play long game for profits

Profit-starved hedge fund managers, best known as masters of the financial universe, are turning to an unlikely place for their next windfall: the unglamorous world of long-only asset management.

Amid volatile markets, constraints on the capacity of their main trading strategies and an ever more conservative investor base, some of the industry's biggest names are focusing on raising money for pared-back versions of their main portfolios, eschewing leverage and short selling in pursuit of assets and stability ... READ MORE

Released by the Financial Times - 23 September 2012