You are here

For hedge funds, 2016 so far isn't any better than 2015

Some brand-name managers who have recorded big losses for many months are facing pressure from investors to redeem their money.

TOO MUCH TO BEAR: The losses have become harder for impatient investors to stomach following big losses last year.

HEDGE fund titan Larry Robbins did something out of character last year. He apologised to investors for losing their money and pledged to "right the ship as quickly as possible". Then he solicited more money from them, raising US$1 billion for a new fund and promised to waive the fees.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to