Hedge fund Cerrano, backed by industry leaders, closes its doors, Hugh Hendry: there are still too many hedge funds

Hedge fund Cerrano, backed by industry leaders, closes its doors From WSJ: A hedge fund backed by some of the industry's biggest names, Cerrano Capital LLC, is closing less than a year after it got off the ground, the latest sign of the difficulties new funds are having raising money. Michael Wein...
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