More U.S. hedge funds likely to crumble in '07 http://www.reuters.com/article/reutersEdge/idUSN1746555020070817?sp=true
Fri Aug 17, 2007
By Svea Herbst-Bayliss -Analysis
BOSTON (Reuters) - This is shaping up to be a record year for hedge fund industry road kill.
Every year, hundreds of funds and fund managers have quietly left the industry, which now manages $1.75 trillion. But this year, their exits will be more numerous after a meltdown in subprime mortgage investments spread to other sectors and caught some of the most seasoned managers off guard, investors, analysts and fund managers said this week. http://www.reuters.com/article/reutersEdge/idUSN1746555020070817?sp=true