BNP's Sugarman Sees More Hedge Funds Shuttering In '11

Nov 3 2011 | 8:45am ET

BNP Paribas' U.S. capital introductions chief sees a continuing change of the guard in the hedge fund industry this year.

Emma Sugarman told Bloomberg TV that "undoubtedly we are going to see more hedge fund closures this year." Sugarman specified that it might be well-established names at larger hedge funds leading that charge.

"I think we started to see it earlier in the year with big, blue-chip names—people like Stan Druckenmiller at Duquesne and Bruce Kovner stepping back from Caxton," she said. "It's not as much fun working in the hedge fund market anymore."


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of