The era of multi-billion dollar hedge funds, with their “2 and 20” fee structures, high portfolio, and employee turnover, looking no farther ahead than this year’s bonus, is over. The Economist came out with a piece last week talking about the struggles of the hedge fund industry in the first half of 2012, which fared no better in 2011. Read Economist’s “Mastered by the universe.” There are four structural reasons why the industry as we know it is dead. Read MarketWatch report here.
