Hedge Funds Going Down For The Dirt Nap At Pace Not Seen Since Last Annus F*cking Horribilis For Hedge Funds
Hedge funds are shutting at a rate not seen since the financial crisis, as many managers post disappointing returns and the largest players dominate money raising...In the first half of the year, 461 funds closed, Chicago-based Hedge Fund Research Inc. said. If that pace continues, it will be the worst year for hedge fund closures since 2009, when there were 1,023 liquidations. [Bloomberg]
