Hedge Fund News From HedgeCo.Net


If You Have the Stomach for Hedge Funds….

CNBC – The hedge fund industry has been battered this year, suffering heavy losses in part due to redemptions by investors as they asked for their money back amid the market turmoil.

According to a Singapore-based hedge fund research firm Eurekahedge, the industry has lost some one-fifth of its assets this year to $1.55 trillion. About $125 billion of the losses came from redemptions.

The scandal surrounding Bernard Madoff is certainly not helping the industry. The investment adviser and former Nasdaq stock market chairman has allegedly swindled clients out of $50 billion through a bogus fund. It’s forgivable if seasoned high-net worth investors get cold feet and steer clear of this form of investment.

Stephen Gollop, CEO of Tyche, expects one-third of the hedge funds to disappear in the first-quarter of next year.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.