Getting your player ready...
More such investment groups, which cater to rich people, pension funds and other big investors, were born during the third quarter than died.
It’s the first time that has happened in more than a year, according to Hedge Fund Research.
Such funds can be powerful players in the market, quickly moving in and out of investments. They can also help bring down global markets, as seen in several high-profile blowups and near-collapses, such as Long-Term Capital Management in the late ’90s and two Bear Stearns- affiliated funds in 2007.
