Bloomberg – As much as 20 percent of hedge funds globally may be liquidated by the first quarter because smaller managers are starved for fees and new capital, according to Bank of America Corp.’s Merrill Lynch & Co. unit.
Hedge fund managers overseeing less than $100 million may be the worst hit, said Justin Fredericks, New York-based head of U.S. capital introductions, a prime brokerage team that brings together hedge funds and potential investors.
