Perry Capital Closing Flagship Fund After Almost Three Decades

Another casualty in the Hedge Fund washout. Even well established funds are at risk if they don't  show their investors that they can add value and are earning the high fees they charge. Over time,periodically either markets or performance end up cleansing the industry of funds or managers that are not truly adding alpha. 

Read More Here:   http://www.bloomberg.com/news/articles/2016-09-26/perry-capital-closing-flagship-fund-after-almost-t...