Even the investment greats are not immune to the troubles plaguing the hedge fund industry. With months of poor returns and investor redemptions having hit many hedge funds across the industry, the biggest news out of the hedge fund world is that many managers are being forced to close up portions of their operations. In some cases, managers have had to close down their hedge funds entirely. The latest fund to meet its demise is Tyrian Investments, the fund of Orlando Muyshondt. In spite of significant support from legendary investment guru Julian Robertson of Tiger Management, including seed money to launch the firm in 2010, Tyrian has succumbed to the intense pressures facing hedge funds across the country.
Nathan Reiff | Investopedia