A ‘hedge fund apocalypse’ is coming
Bob Bryan
BusinessInsider.com
May 20, 2016
It’s the end of the hedge fund world as we know it, or so it appears.
K.C. Nelson, the lead portfolio manager at Driehaus Capital Management, has lain out a grim assessment of the industry in a commentary to clients that perfectly sums up the many issues facing the industry.
From long-term structural trends to current market conditions, Nelson lays out an ugly picture for hedge funds that he thinks will end with a massive shrinking of the industry.
“So what’s the bottom line of these changing industry dynamics?” Nelson wrote.
“I believe there will be a culling of hedge funds like we’ve never seen before. I’d estimate the number of funds gets cut in half over the next couple of years.”
Thus, the title of Nelson’s commentary: “The Hedge Fund Apocalypse.”
The Rest…HERE
