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Non-Tech : Kirk's Market Thoughts

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To: Kirk © who wrote (3110)	5/17/2015 8:33:40 PM
From: Gottfried	Read Replies (1) of 26744

More Hedge Funds Close Doors, Facing Low Returns and Investor Scrutiny By ALEXANDRA STEVENSON MAY 17, 2015 nyti.ms "too much regulation" is one of their complaints excerpt: For decades, nearly everything that the billionaire Julian Robertson touched turned to gold. Mr. Robertson, founder of the hedge fund Tiger Management, seeded a network of hugely successful “Tiger Cubs” — companies that in turn seeded more talent. It became the closest thing the hedge fund industry had to a dynasty. Since the start of this year, however, the managers of three firms spun out of that gilded empire have called it quits after volatile performances and sometimes steep losses. They will return money to investors and focus on managing their own wealth.

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