More than 1,000 hedge funds will close worldwide in the next few months, with most likely to be long...
More than 1,000 hedge funds will close worldwide in the next few months, with most likely to be long/short equity strategies, according to Arthur Samberg of Pequot Capital. Speaking at the Borsa Italiana conference in Milan earlier this month, Samberg said the short-term outlook for hedge funds is almost as bleak as for the technology and telecoms sector. 'There are a lot of similarities between the two ' both have great long-term futures and are dynamic,' he said. Having run long/short equity since the US group began in 1986, Pequot Capital is known for its technology expertise. ...
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