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Why are so many key hedge funds closing down?
This year has been the worst year for hedge fund shutdowns since 2008.
More than 400 funds shut down in the first half of the year.
Of the remaining funds, average 2015 returns are nearly flat.
There’s no doubt about it: 2015 has been a rough year for hedge funds. New data from Bloomberg indicates that more funds have shut down this year than in any other year since the Financial Crisis. Here’s a look at just how bad it’s gotten.
According to Bloomberg, the total combined assets of the hedge funds that have shut down so far this year is about $16 billion. A whopping 417 hedge funds closed ...
Full story available on Benzinga.com