Money Management- The worst is not over in the hedge funds sector, with more collapses likely this year, according to the head of the Bank of America’s alternative investment group, David Ballin.
Ballin told this week’s Reuters Hedge Fund and Private Equity Fund Summit in New York that the hedge fund collapses would come as managers struggled to borrow the new money they needed to trade and in the wake of customer disappointment in the returns they generated.
“Some funds simply will not do well, particularly those specialising in fixed income markets,” he said.
