Saturday, 21st November 2009

 

19 December 2008 - Press Briefing

Hedge fund liquidations hit record levels in third quarter

Hedge fund liquidations in the third quarter surged by a record 70% over the same period last year, Hedge Fund Research said, as dismal returns and massive investor withdrawals continue to batter the high-rolling sector, according to a report in The Daily Telegraph, London.

In total, 344 hedge funds closed down over the three months to the end of September, breaking the record of 267 set in the fourth quarter of 2006.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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