Last Year for Hedge Funds Was Worse Than You Thought

Nearly two-thirds of all funds lost money in 2018.

SeongJoon Cho/Bloomberg)

SeongJoon Cho/Bloomberg)

The hedge fund industry is apparently paying a big price for last year, when it suffered its worst performance since the financial crisis in 2008.

Redemptions rose, as did the number of funds calling it quits.Nearly two-thirds of all hedge funds lost money in 2018, according to an eVestment study prepared for Institutional Investor.

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