Asset Flows Through March

New hedge funds and hedgelike mutual funds continue to pop up.

Don't get swept up by these funds.

Hedge Fund Flows Through February

Hedge fund ratings--one year in.

Improved liquidity conditions help hedge funds.

It's not time to give up on hedge funds. It's time to make them better.

Heavy losses, outflows, and fund closures roil the hedge fund industry in 2008.