Summary
THESE are tough times for hedge funds. Earlier this year when the credit crunch showed no sign of easing, one industry insider predicted that between half and two thirds would not see out the year. They might not have actually closed in that time, but they would have been so disabled and their credibility with investors so shot that they would be all past but no future.
Even the best names with the most glittering records are not immune.See the full content of this document
Extract
Hedge Funds Must Wither, Too
Some, of course, such as Peloton have already blown up but it is the long, slow declines that tell a more dramatic story.
The struggles of one of the best, RAB Capital, to overcome a peri...See the full content of this document
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