Liquidations fall, while hedge-fund launches rise

MarketWatch – An outgoing voicemail message at the office of Bellman Walter Capital tells callers that the San Francisco-based hedge-fund firm shut down at the end of 2009.

Former SAC Capital traders Rich Walter and Jeff Bellman started Bellman Walter in the spring of 2008, according to industry publication AR. The financial crisis hit soon after, triggering record industry losses and an unprecedented wave of investor redemptions.

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