CNBC – The financial crisis of 2008 was a turning point for the hedge-fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence.
And outflows of investor capital in 2008-2009, exceeding USD 70 billion, pressed those still standing to justify their management and performance fees. This year, with a meager 1.2% return year-to-date according to Hedge Fund Research, the pressure’s still on.
