Hedge fund managers are coming out of the damn poor hedge fund business


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It was announced last week that it is Echo Street Capital Management getting out of the hedge fund gameOf course, this is not unusual. 304 hedge funds they closed their doors only in the first quarter of 2020. But Echo Street was struggling to raise money – it reportedly had a “waiting list of interested investors”, and its performance, although not particularly impressive this year, fell 10%, mostly “excellent”. Its founders do not retire to play with his money in the family office. The company will continue to pursue its long-term strategy of launching a new centralized vehicle that, frankly, sounds suspiciously hedged. There is only one main difference. Running it will not turn into Echo Street managers drilled shells that are collected for death with every minute of the trading day.


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