Hedge fund closure data: ebola or just a bleeding nose?
Apr 6th, 2008 | Filed under: Hedge Fund Industry Trends
We’re usually content to let sleeping dogs lie after issuing an opinion on mass media bias against hedge funds. But we have to quickly follow-up on Tuesday’s posting about hedge fund attrition. We argued that creative headline writers continue to have a hate-on with hedge funds, cooking up story titles like “1000 hedge funds may sink in turmoil” in reference to the industry’s rather unnoteworthy 10% turnover rate.
That same day MarketWatch published a story entitled “Hedge-fund hemorrhage: $60 billion liquidated in last three years, shrinking investor options.”
Pa-leese, $60 billion in a $2 trillion+ industry over 3 years is a nosebleed and in no way suggests the industry is a hemophiliac.
Says MarketWatch:
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