Managers are being more transparent now than they were in 2008 - Business Insider

Chris Walvoord, the head of hedge fund research at Aon, said there's been "a big difference this time compared to 2008 has been funds proactively reaching out."For many hedge funds, the past couple months of market volatility is the first prolonged stretch of trouble since the 2008 housing crisis.

Nearly a quarter of managers surveyed by Preqin said their relationships with existing investors have actually improved during the pandemic. The secretive hedge fund industry isn't one to let outsiders know its secret sauce anytime soon, but — in the midst of a global pandemic that has shut down industries worldwide — investors are thankful that their managers have become more talkative.

But there has been a silver lining, the study found: nearly a quarter of managers said the pandemic has had a positive impact on their relationships with existing investors, despite hedge funds, on average, losing money this year.

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