Famous gambler says hedge funds can’t beat the dealer forever
Aug 21st, 2007 | Filed under: Hedge Fund Industry Trends
Reuters reports that the hedge fund attrition rate may double in the next five years due to the recent market calamities.
“By early 2008 the industry’s annual 8 percent failure rate could be nearly double, experts said, and within five years perhaps only two-thirds of the estimated 9,800 funds now operating worldwide will exist.”
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