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Is The Hedge Fund Business Model 'Broken?' A Recent Outflow Of $17 Billion May Suggest So
Thursday, May 5, 2016 - 8:33am | 3592016 is proving to be a tough year for hedge funds – even by their own admission. As reported by Bloomberg, Doug Dillard, a hedge fund manager at Standard Pacific Capital, closed shop in February when his fund's assets under management dipped below $500 million; the fund failed to keep pace...