Hedge Funds Could Lose 25% Of Assets This Year

According to Tony James, Blackstone Group LP’s president, the $2.9 trillion hedge-fund industry may lose about a quarter of its assets in the next year. Blackstone is the largest allocator to hedge funds globally. Also see a curated list of the top hedge fund letters Are Banks Eliminating Fannie Mae & Freddie Mac Holdings? Tony James made these comments in an interview with Bloomberg TV last week, and the comments highlight the pressures that the hedge fund industry now faces as returns fall and low-cost competitors in the form of ETP’s and tracker funds grab market share. According to Bloomberg, which cites…