Has The Hedge Funds Industry Lost Its Way?Guest Post
Has The Hedge Funds Industry Lost Its Way? by Knowledge@Wharton
For months, the news for the hedge fund industry has been grim. Funds racked up abysmal results last summer, with August showing the biggest monthly loss since October 2008.
Then the prominent Bain Capital Absolute Return Capital hedge fund announced in early October that it would close, having lost money for three years. Soon after, the well-known Fortress Investment Group said it would shut its flagship fund after . . .
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