Battered, Apologetic and Still Pitching Their Hedge FundsBy
CreditFred R. Conrad/The New York Times
It has been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape heavy losses, and several among them have made the industry’s list of worst performers. Some lost so much of their investors’ money this year that they have written apology letters.
Yet even in this most humbling of years, some of these same hedge funds are soliciting investors for more money and marketing new funds that promise bigger and better opportunities…
Leave a Reply
You must be logged in to post a comment.