If you were a hedge fund manager and had a few good years and raised a decent chunk of change off of that performance and made a few hundred million or even a billion dollars as a result, what would you do when times got tough?
- Would you keep running the hedge fund that brought you those riches?
- Would you keep dealing with your angry investors, many of them the finicky fund of
- funds that hit the eject button after one bad quarter?
There may be lots of different reasons why the large and very successful hedge funds Cantillon, Pequot, Raptor and Alson have called it quits in the last couple of months, but my guess is that each of the managers who ran them asked all of the above questions and came to an obvious conclusion.
Video: David Faber analyzes recent hedge fund closures ...
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