Looking (only) at the absolute number of funds that closed is missing the point.
They are now going back to banks, which have recently started re-hiring traders.
There were a lot more guys coming out of banks setting up hedge funds over the last couple of years ... Some of them were not getting any traction.
If you've got them by the balls their hearts and minds will follow.
(May 26, 1907 - June 11, 1979)
There is one crucial rule that must be followed in all creative meetings: Never speak first. At least at the start, your job is to shut up.
(August 12, 1931 - )
Writing eases my suffering... writing is my way of reaffirming my own existence.