{"id":6442,"date":"2007-08-20T00:00:00","date_gmt":"2007-08-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"more-us-hedge-funds-likely-to-crumble","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/08\/2007\/more-us-hedge-funds-likely-to-crumble.html","title":{"rendered":"More US hedge funds likely to crumble"},"content":{"rendered":"<table cellspacing=\"7\" cellpadding=\"2\" border=\"0\">\n<tr>\n<td class=\"j\" valign=\"top\">      &nbsp;    <\/td>\n<\/tr>\n<\/table>\n<p>  Reuters Italia- Every year, hundreds of funds and fund managers have quietly left the industry, which now manages $1.75 trillion (880 billion pounds). But this year, their exits will be more  numerous after a meltdown in subprime mortgage investments spread to other sectors and caught some of the most seasoned managers off guard, investors, analysts and fund managers said this week.<\/p>\n<p>  Two prominent Bear Stearns funds and Sowood Capital, run by a former Harvard Management stock picker, collapsed recently, while an ailing fund run by Goldman Sachs got a $3 billion cash injection  this week.<\/p>\n<p>  Dozens of funds are said to be nursing heavy losses and investors and managers say they expect more suffering funds will pop up in the weeks ahead.<\/p>\n<p>  &#8220;This year is going to be the worst we&#8217;ve ever seen in terms of numbers of funds having problems, worse than 1998,&#8221; when hedge fund Long Term Capital Management collapsed and the private sector  banks engineered a bailout, said John Mauldin, who invests in hedge funds at Millennium Wave Advisors.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/0-0&amp;fd=R&amp;url=http:\/\/www.borsaitaliana.reuters.it\/news\/newsArticle.aspx%3Ftype%3DfundsNewsUK%26storyID%3D2007-08-20T071200Z_01_NOA025871_RTRUKOC_0_US-HEDGE-FUNDS.xml%26archived%3DFalse&amp;cid=1119641163&amp;ei=_EfJRuZcgfaqA9LSzZwB\"><strong>ReadComplete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Reuters Italia- Every year, hundreds of funds and fund managers have quietly left the industry, which now manages $1.75 trillion (880 billion pounds). But this year, their exits will be more numerous after a meltdown in subprime mortgage investments [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6442","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6442"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}