It's A Tough World For Small Hedge Funds: Citi (But Not Really)

If it was for management fees only, hedge funds would barely make ends meet, according to the latest survey from Citi Prime Finance. Unsurprisingly, the bigger the asset base of the hedge fund, the easier it is for it to get by. It appears that hedge funds with $300 million under management, or emerging managers, just break even on their expenses, meaning that it would be the minimum AuM needed to survive. To breathe comfortably, they would at least need $1 billion, says the report, meaning small Hedge Funds need to shut, but is that really so? The survey took…