We've noted that the game has really changed for hedge funds. Investors are calling more shots these days, and a general flight to quality seems to be underway. Minyanville weighs in with a piece that states it starkly: A weeding out process of weak funds is clearly underway. This process favors the big brands, of course. Indeed, even before this year, it seemed like big funds were slowly accounting for more of all industry assets. But even they cannot sit back and rest on their laurels, regardless of whether or not they've had a good year. They've got to innovate of course--look at John Paulson's credit fund--as well as cater to investors like never before. This goes way beyond cutting management fees. You've  got to bend on lots of other things as well.

For more:
- here's the article

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