Reported 2 days ago
Billionaire Ken Griffin, founder of Citadel, announced that the explosive growth in multistrategy hedge funds is over, marking a significant change in the hedge fund industry. He noted that the influx of capital into these funds, which have thrived on steady gains during market volatility, has slowed, with assets managed by multistrategy hedge funds declining slightly for the first time since 2016. Griffin emphasized that while these funds have been influential, a talent crunch and market challenges are hindering further growth.
Source: YAHOO