Hedge Fund Closures Only Part Of The Picture

Last year was the best year for hedge funds in a long time. According to data from hedge fund database provider Eurekahedge, which monitors the performance of 2,666 funds across the hedge fund landscape, funds returned an average of 8.45% in 2017, the best performance since 2013. But despite this performance, some of the industry’s biggest names have decided to close their doors this year. Q3 hedge fund letters, conference, scoops etc At the beginning of October, three hedge funds decided to return billions of dollars in capital to investors. Criterion Capital Management, which managed about $2 billion in assets,…