Israel Escapes Worst Of Hedge Fund Havoc

Oct 30 2008 | 8:35am ET

Things are ugly in the hedge fund heartland. But somewhat farther afield from New York, Greenwich, Conn., and London, things are a good deal calmer.

Israel is no major hedge fund center, with about 20 funds operating. But those funds have done a better job than their global compatriots, losing just 1.8% last month while Israeli stocks took a 12% bath.

Israeli hedge fund have seen their assets under management fall, but the decline is blamed primarily on withdrawals and difficulty raising new capital, Globes Online reports.


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