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But don't miss Stephen Gandel on a surprising hedge fund boom: "... while a number of hedge fund managers seem to be facing an existential crisis, the industry isn't. Despite recent disappointing returns, the amount of money invested in hedge funds is up again this year, though well off from the boom times of the early 2000s. And the number of hedge funds actually rose in the third quarter for the first time in two years. What's more, despite news of closures, there are still 9,730 hedge funds, according to HFR, not too far below the all-time peak of 10,142 hit back in 2014."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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