Hedge funds as a group have attracted a significant amount of criticism over the past ten years. High fees, coupled with mixed performance figures, have put investors off from the sector which was once lauded for its market-beating returns.
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Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?
Some sectors of the industry have been harder hit than others. For example, the multi-manager hedge fund sector saw many high-profile closures in 2016, notably Blackstone Group’s Senfina Advisors, which lost almost a quarter of assets from performance losses and closed down. Deimos Asset Management and Visium Asset Management both also shut-up shop.
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