Hedge Funds Shut as Managers Struggle in Worst Year Since 2009
2014-12-01 19:00:54.620 GMT
By Katherine Burton
Dec. 1 (Bloomberg) -- Hedge funds are shutting at a rate
not seen since the financial crisis as many managers post
disappointing returns and largest players dominate money
raising.
* 461 hedge funds closed in 1H 2014, according to Hedge Fund
Research Inc.; if that pace continues, it will be worst year
for hedge fund closures since 2009, when there were 1,023
liquidations
* $37b Brevan Howard Asset Management LLP closed its $630m
commodity fund last week
See full story
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--With assistance from Saijel Kishan, Kelly Bit and Simone
Foxman in New York.
To contact the reporter on this story:
Katherine Burton in New York at +1-212-617-2335 or
kburton@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2014-12-01 19:00:54.620 GMT
By Katherine Burton
Dec. 1 (Bloomberg) -- Hedge funds are shutting at a rate
not seen since the financial crisis as many managers post
disappointing returns and largest players dominate money
raising.
* 461 hedge funds closed in 1H 2014, according to Hedge Fund
Research Inc.; if that pace continues, it will be worst year
for hedge fund closures since 2009, when there were 1,023
liquidations
* $37b Brevan Howard Asset Management LLP closed its $630m
commodity fund last week
See full story
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Saijel Kishan, Kelly Bit and Simone
Foxman in New York.
To contact the reporter on this story:
Katherine Burton in New York at +1-212-617-2335 or
kburton@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net