Hedge Fund Industry 2010 Outlook: The Bull Case
Moody's provides a complimentary report of its 2010 hedge fund outlook (if it is being given away for free you can imagine the pent up demand for this particular bullish case). Of course, should Moody's global economic models again Ref out courtesy of some negative output, we expect this report to be about as valuable as a 14 pages of single ply 30 Y Treasuries in 2040. It almost comes through when Moody's warns "Another systemic shock or reputation damage caused by a large-scale failure may have knock-on effects on investor confidence and, if sufficiently severe, could undermine the foundations of the recovery." So we are right if we are right, but if something changes in the permabullish groupthink of which we are so fond, we are wrong. Read at your own peril. Pretty charts though.