Friday, December 19, 2008

Hedge fund blow-ups hit record levels as firms pushed to the brink

Hedge funds are closing down in record numbers as disastrous returns and heavy investor redemptions continue to savage the high-rolling sector.

Liquidations in the third quarter of 2008 soared by 70pc compared to the same period last year, according to the latest figures from Chicago-based Hedge Fund Research.

Posted by chris @ 12:00 AM (536 views)
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