Hedge fund closures are going to hit 'an all-time high'

Flickr/ Ken Hawkins Don Steinbrugge, a managing partner of the Richmond, Virginia-based Agecroft Partners, a marketing and consulting firm for the hedge fund industry, expects more hedge funds will shut down in 2016. Steinbrugge put together his firm's sixth annual hedge fund industry trends list. His predictions are based on discussions with 2,000 institutional investors and hundreds of hedge funds. According to Steinbrugge, the hedge fund closures will be driven by four key factors: "The c...