Friday, Dec 19, 2008
A research group says 344 hedge funds were liquidated in the third quarter - a significant increase
CNN: Hedge fund graveyard: 693 and counting
A record number of hedge funds went bust during the third quarter, a report showed Thursday, as shaky markets and tight credit drove investors away from risky investments.
Hedge Fund Research, a Chicago-based information company, said the number of hedge funds liquidated in the third quarter rose to 344, which is more than three times the 105 liquidations in the third quarter of 2007. It's also 77 more than the previous record of 267 liquidations in the fourth quarter of 2006.
Posted by mark @ 10:57 AM (379 views) Add Comment
5 Comments
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1. inbreda said...
what these hedge funds need to do is to hedge their risk. I've been told that this is what hedge funds do.
D'oh!
Another toxic financially complex fraud.
2. d'oh said...
inbreda - you called?
Hedge funds are like 1984's Ministries of Truth, Love and Peace and the GDR. The name suggests the exact opposite of what they actually are. The awful thing is that the past decade has seen the turning of our commercial banks into great big over-leveraged hedge funds.
3. shipbuilder said...
Can't see too many tears shed over any of them.
4. techieman said...
I dont feel sorry for the hedge funds - i DO feel sorry for the investors. These hedge funds are meant to be able to do just that...... HEDGE! Deplorable really.
5. fjcruiser said...
99% will go. Fraudulent business model. Still 1% may remain cos investors just dont understand what cons they are.No sympathy for the loosers.