istockAnalyst.com – September may in fact be the cruelest month of all, at least for hedge funds – now even worse than the previous "comeuppance month" just this last July. Popular funds, such as Greenlight Capital and Maverick Capital had especially difficult months, driving year-to-date losses beyond 15 percent and more.
Just recently many were asking the question: "Where are the big hedge fund failures?". At that time, many hedge funds, while down, were still doing better than the broader market. Some of the funds that were struggling were hoping to see recovery before waiting periods on redemption notices were finally met. Unfortunately, the September sell-off has only made it more likely that investors will go forward with their plans and begin pulling money out of funds.
