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The Incredible Shrinking Hedge Fund

(Bloomberg) You’d be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn’t so rosy. In?ows into funds, on the whole, are non-existent and the number of startups has slowed to levels not seen for nearly two decades.

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