1,000 hedge funds set to close in the near future

More than 1,000 hedge funds worldwide will close in the next few months, most likely to be long/short equity strategies, according to Arthur Samberg of Pequot Capital.

Speaking at the Borsa Italiana conference in Milan earlier this month, Samberg said the short-term outlook for hedge funds is almost as bleak as for the technology and telecoms sector.

'There are a lot of similarities between the two ' both have great long-term futures and are dynamic,' he said.

Having run long/short equity since

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