A record 778 hedge funds liquidated in Q4, capping off a year that saw almost 1,500 (about 8%)...

|By:, SA News Editor
A record 778 hedge funds liquidated in Q4, capping off a year that saw almost 1,500 (about 8%) shut their doors, and investors pull out $150B. Three of the top 10 were Madoff feeders, led by Fairfield Greenwich. 2008 was a record for performance disparity - with about 100 percentage points separating the top 10% from the bottom 10%.