Hedge funds close at faster pace in 2016 than 2009 recession

Hedge funds lost their mojo in 2016. There were more hedge-fund closures last year than during the 2009 recession, according to data provided by HFR. In 2016 1,057 funds shut down -- slightly higher than the 1,023 funds that closed in 2009, although still well below the 1,471 that shuttered in 2008 during the onset...