People in their 40s and 50s are saving for their kids and for their retirement. They have the most difficult time saving because they have the most overhead expenses.

A lot of these multinationals are going to have to call on their reserves to keep their earnings up in the face of the declining situation abroad.

Years ago, Fidelity told you not to buy because of a manager, but because Fidelity as a whole always turned to gold. Now you have to look at a manager's performance.

There has been some disappointment over hedge-fund performance in general, but investors are still after that upside potential - a star manager to hit a home run for them.