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Big hedge funds’ golden era fading

Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund.

"I think the established hedge funds will get smaller over time because of redemptions, losses, and loss of talent," Thomas Grossman, principal at Union Avenue Advisors told the Reuters Private Equity and Hedge Funds Summit in New York.

Armed with $100 million (68.6 million pounds) in assets, Grossman plans to make bets in emerging markets and raise as much as $300 million for his new fund. Previously he ran Aeneas Capital Management.

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