Silver as an investment

Iconic Hedge Fund Perry Capital Loses 60% Of AUM As Investors Flee

zerohedge.com / by Tyler Durden / Sep 10, 2016 1:13 PM

The slow-motion trainwreck that is the hedge fund investing world, which as we documented one month ago has failed miserably – if predictably – to compensate LPs for its 2 and 20 model, and generate outsized returns during a regime of central planning, having created zero alpha since 2011…

…. took its latest casualty in the form of the once-iconic hedge fund Perry Capital. While it has not unwound just yet, the 28-year-old hedge fund run by Goldman alum Richard Perry, has lost more than half of its assets in less than a year after posting declines since 2014.

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