3.26.2009

End of Super-Sized Hedge Funds?

Is the end near for huge multi-billion dollar hedge funds? According to a former principal trader at giant hedge fund SAC Capital, says last year's markets spell the end for large investment pools.

At Reuter's Private Equity and Hedge Fund Summit in New York, ex-SAC Capital Management trader Thomas Grossman said he expects "redemptions, losses and loss of talent" to shrink the sector's biggest funds.


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