Hedge funds shed another 2.7% in November. They're headed for their worst year ever, although...

|By:, SA News Editor
Hedge funds shed another 2.7% in November. They're headed for their worst year ever, although November's decline was mild compared to October's 5.5% drop. Between redemptions, liquidations and negative performance, the industry could start 2009 at 40% of its size one year ago.