(Opalesque) In the week ending October 25th 2019, Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, said he is closing his stock-picking hedge fund less than eight months after he started it, the latest sign of challenges facing the hedge-fund industry. This news comes as investors pulled almost $30bn from hedge funds during the three months to the end of September, meaning the $3.2tn industry has now been steadily losing investors for a year and a half.
Hedge funds steadily lost investors for 1.5 years but institutions say they’ll come back:
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