Hedge Funds Return Capital Amid Lack Of Attractive Opportunities

This has been a year where a number of big name hedge funds chose to return some capital rather than sit on their enormous and increasing wealth. While there can be other reasons for giving back money, it seems a lack of sufficient investment opportunities has been causing a shrink-down of assets. Returning capital is not exactly what hedge funds enjoy doing, as it means letting go of some hefty management fees. Hedge funds closing funds, turning away new money Earlier, we did a roundup of which hedge funds have wound down their business in 2013 so far; the strategy…