2019 marks the 5th straight year of negative net openings - i.e. more hedge-funds closed than opened. It's the 2nd worst year of this streak: net openings were -149, vs -328 in the worst year, 2016. Overall, more than 4,000 died during this streak.
The S&P 500 performed exceptionally well, delivering a 28% gain this year through November, while hedge-fund returns were poor, with the Bloomberg Equity Hedge Fund Index at only 10%. January through November 2019 saw a total flow of $81.5 out of hedge-funds.
The article contains a list of notable hedge-funds that shut down this year. You'll notice some pretty well-known names in that list, including a Citadel fund:
Submitted January 01, 2020 at 06:01PM by CautiousInvestor https://ift.tt/2u8fLh3
