There’s no doubt about it: 2015 has been a rough year for hedge funds. New data from Bloomberg indicates that more funds have shut down this year than in any other year since the Financial Crisis. Here’s a look at just how bad it’s gotten.
The Numbers
According to Bloomberg, the total combined assets of the hedge funds that have shut down so far this year is about $16 billion. A whopping 417 hedge funds closed down in the first half of 2015 alone. Although that number puts this year’s shutdowns well behind pace of 2008’s 1,471 total hedge fund shutdowns, it’s safe to say that market conditions in 2008 and market conditions today couldn’t be more different.
Big Names
The list of funds that have been shut down so far this year includes…
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