Andrew LoGalapagos Hedge Funds & Andrew Lo(http://hedgefundblogger.com) I like Andrew Lo's thoughts below, this is exactly why hedge funds will emerge stronger than ever after the crises. Our industry is a rapidly evolving organism which adapts 4x quicker than the banks and 50x faster than the government. Here's an excerpt from a FT article which Dr. Lo helped produce:___________________Hedge funds are the Galapagos islands of the financial services industry. So at least says Andrew Lo, the Massachusetts Institute of Technology economist who has pioneered the application of evolutionary biology to markets.According to Mr Lo and many of his acolytes, markets are not efficient, as had been assumed by academics for the past generation, but rather they are adaptive, with participants following Darwinian rules. After periods of relative stability they will undergo periods of intense change as ...