Looking Ahead to 2012: The Hedge Fund Industry Speaks (Part III)

Deepak Gurnani, head of hedge funds for global asset management firm Investcorp, says he expects "further pain and deteriorating economic fundamentals over the next 12 months, stemming mostly from Europe’s flawed austerity plan and the failure of its leaders to address the regional sovereign debt crisis." On a brighter note, he says there should be plenty of opportunities for hedge funds to put investors' money to work.