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New Hedge Funds Struggle
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Old 02-11-2008, 11:40   #1 (permalink)
PipAHolic
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Exclamation New Hedge Funds Struggle
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Although established hedge funds have been seeing healthy growth, start-up hedge funds seem to be wilting.

MFS Investment Management in January killed its hedge-fund-seeding program, providing another sign that it is growing harder for start-up hedge funds to survive. MFS's decision comes on the heels of news from investment bank Jefferies Group Inc. that it reduced its hedge-fund program by almost 20%, amid the loss of $14 million in its hedge-fund-seeding program in the quarter ended Dec. 31.
Looks like playing with other people's money is going to be a little harder from now on.
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