Wall Street has been rocked by an $8 billion hedge fund's implosion

Behavior like this, on top of the recent horrible performance by some top names in the hedge fund industry, will certainly make investor sentiment much worse! Regardless of how big you are, actions like this are inexcusable and those that violate the law  need to  be punished appropriately. Investors have been shifting money out of hedge funds and mutual funds and reallocating to index based investments, fixed income, and mortgages. The industry both hedge fund and mutual fund, are going to have to treat their investors better regarding fees and performance, before they gain back investors' trust and confidence.

Read more here:   http://finance.yahoo.com/news/wall-street-rocked-8-billion-150229008.html