Investing in distressed securities is likely to be the top-performing hedge fund strategy in 2008, ahead of global macro, long/short equity and emerging markets, according to a survey of hedge fund managers.
The Lipper Hedge Fund Survey, which interviewed 41 hedge fund and hedge fund of funds executives managing a total of $227bn (â¬154bn), showed that over 20% of respondents believe distressed securities strategies will top the performance league table over the next calendar year. The respondents were based in the US and Europe.
