In a story that highlights the closing of another hedge fund run by Louis Bacon, Mark Gilbert, Bloomberg, summarizes the industry, here:
”In total, hedge fund assets have declined by $77 billion this year alone, the research firm estimates, leaving the industry as a whole managing a smidgen more than $3 trillion. Unless and until the hedge fund crowd can outperform the broader indices, investors will continue to withdraw their cash — and the former stars of the investment universe will continue to dim.”
Leave a Reply