Why Richard Perry Is Closing His Main Hedge Fund

Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style of investing no longer worked. Bloomberg's Katia Porzecanski reports on "What'd You Miss?" (Source: Bloomberg)

Full Show: Surveillance (08/15)
05:40 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Richard Lacaille, chief investment officer at State Street Global Advisors, Gideon Rose, editor at Foreign Affairs Magazine, and Norman Lamont, U.K. Trade Envoy to Iran and former Chancellor of the Exchequer. (Source: Bloomberg)
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