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Pain Endures for Hedge Funds as More Are Shuttered Than Started

By Tony Seruga

First quarter reflects managers struggling with volatility
Liquidations show investors’ ‘low tolerance’ for poor returns

The number of hedge funds continued to shrink last quarter as wild swings in stocks and commodities battered managers’ performance.

More funds shut than started in the first quarter, with 291 liquidated while 206 started, according to data published Thursday by Hedge Fund Research Inc. It was the second consecutive quarter that closings exceeded openings.

Investors exhibited “low tolerance for underperformance, resulting in an elevated number of liquidations,” HFR President Kenneth Heinz said in a statement…

Pain Endures for Hedge Funds as More Are Shuttered Than Started

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