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Hedge Funds to Record More Closures Than Launches for Fifth Straight Year

  • Number of firms on track to shrink for fifth year in a row
  • Moore Capital to Arrowgrass return capital to clients in 2019
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Hedge-Fund Purge Deepens

The pain kept coming for hedge funds in 2019: if they weren’t being killed off, they were bleeding cash or wringing out dismal returns.

The industry is now on track to record more closures than launches for a fifth straight year, a blow to a market that once minted millionaires at a heady pace. More than 4,000 funds have been liquidated in the past five years, according to data compiled by Hedge Fund Research Inc.