Thursday August 28, 2008

TODAY

The New Bankers

Hedge funds have what many banks are lacking these days: liquidity. Once considered a last resort for troubled companies, hedge funds have stepped into the breach as financiers even for large and stable companies because commercial and investment banks aren't lending like they used to. "We pride ourselves on being able to provide a SWAT team with all available resources," says Richard Ronzetti of New York's Marathon Asset Management.
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FEATURES

Brazil Opens Up

New rules allow up to 100 percent of hedge fund assets to be invested outside the country.

Baker Sounds Off

The Managed Funds Association chief blasts the SEC's short-selling restrictions.


Going Small

Pennsylvania state pension manager Peter Gilbert joins Lehigh University.

Small and Nimble

Smaller firms stay competitive with niche strategies, lean operations and low leverage.