(Bloomberg) For smaller hedge funds and startups, Europe wasn’t the place to be in 2015 as mounting costs and shrinking fees prompted the industry to contract in the region for the first time in at least 15 years.While money flowed into multibillion dollar operations such as Lansdowne Partners UK and Marshall Wace, businesses including Armajaro Asset Management, run by Oliver Denny, and Lucidus Capital Partners were among those that shuttered funds.
Hedge Funds Are Shuttered as Investors Go With Europe’s Big Guns
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