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. According to Bloomberg, the firm’s assets slumped to ... (full story)