Why hedge funds are dying out

This year is shaping up to be the worst on record for hedge funds, with the average fund down 10%. Managers have sold assets and built up a $600bn pile of cash in case investors pull their money out. Eoin Gleeson examines what's going on.

The hedge fund industry has sold off assets and built up a record $600bn cash pile. What's going on? Eoin Gleeson reports.

What's happening to hedge funds?

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Eoin came to MoneyWeek in 2006 having graduated with a MLitt in economics from Trinity College, Dublin. He taught economic history for two years at Trinity, while researching a thesis on how herd behaviour destroys financial markets.