Seeking Alpha- We’re usually content to let sleeping dogs lie after issuing an opinion on mass media bias against hedge funds. But, we have to quickly follow-up on Tuesday’s posting about hedge fund attrition.
We argued that creative headline writers continue to have a hate-on with hedge funds, cooking up story titles like “1000 hedge funds may sink in turmoil” in reference to the industry’s rather unnoteworthy 10% turnover rate.
That same day, MarketWatch published a story entitled “Hedge-fund hemorrhage: $60 billion liquidated in last three years, shrinking investor options.”