FYI: (Click On Article At Top Of Goggle Search)
More “liquid alternative” mutual funds closed in 2015 than in any year on record, according to research firm Morningstar Inc., as inflows dwindled and performance weakened.
The results show that enthusiasm is fading for what had emerged in recent years as one of the hottest products in asset management—funds that combine hedge-fund strategies like shorting stock with the daily liquidity of mutual funds.
In all, 31 liquid-alternative funds have been closed this year, up from 22 a year earlier, according to Morningstar.
Regards,
Ted
https://www.google.com/#q=The+Year+the+Hedge-Fund+Model+Stalled+on+Main+Street++wsj
