My bet is you will see many more of these implosions.
Today, the Wall Street Journal agrees:
As the Dow Jones Industrial Average climbs to record heights, many hedge funds are stumbling and more than ever are closing shop.
The latest to falter: Vega Asset Management. One of the world's largest hedge funds a few years ago, Vega has suffered losses from a bad bet against U.S. bonds, and is now down roughly 75% from its peak two years ago to about $3 billion in assets.
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