Bloomberg – Hedge funds went out of business at the fastest pace in more than a year in the third quarter, hurt by the market volatility triggered by the European sovereign debt crisis, according to a report.
The number of funds liquidating rose to 213, the worst three-month period for the industry since the first quarter of 2010, Chicago-based Hedge Fund Research Inc. said in the report released today. In the second quarter, 191 hedge funds shut.
