(Financial Times) What was meant to be the big comeback year for the beleaguered hedge fund industry has instead been one of its toughest since the financial crisis. Wrongfooted by central banks and sudden bouts of market volatility, some of the world’s best known hedge fund managers such as Bill Ackman and David Einhorn have suffered stinging losses, while other large funds, like Mike Novogratz’s Fortress Macro Fund, have closed down altogether.
Hedge Funds Lick Wounds after Tough Year
This entry was posted in Syndicated. Bookmark the permalink.
