More Hedge Funds Shut Last Year Than Any Time Since the 2008 Crisis

Bloomberg -------- More hedge funds closed in 2016 than in any year since the financial crisis as investors moved money to larger firms and withdrew assets. Liquidations totaled 1,057 last year, the most in any period since 2008, according to data released Friday by Hedge Fund Research, Inc. Though assets managed by the industry rose slightly to $3.02 trillion during 2016, at the end of the year there were 9,893 funds managing that cash, including funds of hedge funds -- the fewest since 2012. To learn more click on the picture below to read the article.