IDW's Ilana Weinstein Says Hedge Fund Shakeout ‘Far From Over’
- Industry’s ‘tectonic plates’ are shifting, recruiter says
- Closures are outnumbering fund openings this year, data show
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The hedge fund shakeout is still unfolding with “many more” closures coming, according to Ilana Weinstein, chief executive officer of IDW Group.
“This is far from over,” Weinstein said in a Bloomberg Television interview on Monday. “I don’t think it’s too dramatic to say, but we are in the midst of the equivalent of a shifting of the tectonic plates for the hedge fund industry.”