Hedge Funds: Small Firms Profit As Big Names Close In 2020
At the beginning of July, Lansdowne Partners, one of Europe's oldest and best-known hedge fund managers, announced that it was closing its flagship hedge fund after a run of poor performance.
The closure is the latest in a string of high-profile hedge funds that have decided to shut up shop in recent years. Billionaire investor John Paulson's Paulson & Co also decided to stop taking outside money around the same time.
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