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Some well-known hedge funds shut in 2015 as bets on oil go bust, returns sink

Hedgies are passe. What is fashionable now for fresh graduates is to work at an Internet or social media firm

Mr Duff, who no longer works in finance, used to be a hedge fund guy with the sexiest job in Wall Street and was part of 'the coolest fraternity on campus'. He and his colleagues used to make annual salaries in the low seven figures as top managers.

New York

LAST decade, Turney Duff lived in a US$9,300-a-month triplex in the New York City neighbourhood of Tribeca. He wore jeans to work and was able to do his job largely free of the red tape that could entangle those who worked in other parts of the financial sector. As a hedge fund