Omega, Jabre Capital Among Hedge Fund Casualties in Dismal 2018
- Hedge fund industry is headed for worst performance since 2011
- Closures picked up toward the end of the year after sell-off
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It has been yet another year to forget in the world of hedge funds.
Hardly a month went by without news of the high-fee money managers -- young and old, running large and small shops, big and little-known names -- shutting down. Many struggled to navigate markets marked by violent stock swings and slumping oil prices, others decided to restructure their firms to make riskier or longer-term bets, while some said they simply had enough of trading. Now as the year comes to a close, the $3.2 trillion industry is headed for its worst annual performance since 2011.