Hot hedge fund strategies for 2005

Nadja Pinnavaia, head of Goldman Sachs Hedge Fund Strategies Group for Europe and Asia, explains why some hedge fund managers are delving into more illiquid, complex strategies to generate attractive returns. Was 2004 a disappointing year for hedge fund performance? Pinnavaia: Overall returns for the year were in the high single digits, which certainly isn't disappointing. Most hedge fund strategies experienced returns within one standard deviation of their mean returns, within …