Retiring hedge fund Nevsky: a canary in the coalmine?

miércoles 20 de enero de 2016 11:44 GYT

* Nevsky to close despite strong performance record

* Follows move by BlueCrest to go private

* Reuters poll shows more funds likely to follow suit

By Simon Jessop, Maiya Keidan and Lawrence Delevingne

LONDON/NEW YORK, Jan 20 (Reuters) - For anyone looking to make money in financial markets over the next few years, the recent activity of some leading hedge funds does not bode well.

In the second half of 2015, several prominent hedge funds went bust, retired or opted to return cash to investors and instead focus on making money for themselves, amid weak returns and declining profits, among them BlueCrest Capital Management.

And more could follow in an industry which has grown to about $3 trillion as more and more investors are lured in with the hope that Wall Street's finest can help them outperform in both rising and falling markets.

A Reuters survey of 57 hedge fund managers, executives and asset allocators from across Asia, Europe, Africa and the Americas showed nearly half thought more funds would exit the market in one form or another over the next 12 months.

A similar number of respondents said investment risks capable of scuttling a fund's performance were rising.   Continuación...