Busted Hedge Funds and Fund BS

Busted Hedge Funds & Fund BS

Last week we noted the imminent closure of Blackstone's distressed-debt hedge fund. Here's more about it - and about illiquid funds generally. It's been a rough year+ for hedge funds.

And speaking of alpha (cough), we can't think of a better argument for 2-and-20 than getting profoundly middle-of-the-plate market advice like s…