Tuesday March 6, 05:21 PM: Man Group says AHL fund NAV down 8.23 pct from last week LONDON (AFX) - Man Group (LSE: EMG.L - news) plc said the net asset value of Man AHL Diversified Futures Ltd at the close of business on March 5 was 27.42 usd, down 8.23 pct from last week and up 6.6 pct over the last 12 months. http://uk.biz.yahoo.com/070306/323/h0yb9.html
Just wait. The floodgates will be opening up soon with story after story of hedgies blowing up. There is so much grossly reckless leveraged crap out there in hedge fund accounts, it is going to get extraordinarily ugly. It is going to make LTCM look like a microscopic event, in historical retrospect.
Being in the hedge fund industry, I have to agree. Whether it be by the market or by regulations, you'll see a shake up.