New York
FROM his getaway cabin deep in the woods, an experienced adviser to wealthy hedge fund investors was hopping from one conference call to another to manage clients' mounting anxiety.
Similarly, a broker described how he had interrupted his vacation to respond to the needs of his nervous clients. And a multi-billion-dollar hedge fund said that numerous investors had requested play-by-play commentary and performance figures.
The sudden and rapid selloff across global markets that began late last week and deepened on Monday has caught many on Wall Street off guard, interrupting the vacation plans of richly compensated money managers - especially those at some of the nation's biggest hedge funds,...
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