(The Business Insider) According to Don Steinbrugge, a managing partner of the Richmond, Virginia-based Agecroft Partners, a marketing and consulting firm for the hedge fund industry, the hedge fund closings will be driven by four key factors:1. The increase in the number of fund managers has reduced the average quality of hedge funds in the industry. Many of the lower quality managers will experience a higher rate of closing down, which is good for the industry; 2. Increased volatility in the capital markets increases the divergence in overall return between good and bad managers. This in turn increases the turnover of managers,…
Four Reasons Hedge Fund Closures Are Going To Hit ‘An All-Time High’
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