Hedge fund masters flunk money-making test

According to Reuters (UK) Generating strong returns is getting so tough for hedge fund managers, supposedly the high-earning masters of any market, that some are shutting up shop and more look poised to follow…… Years of choppy markets whipsawed by political risk have crippled performance and left many firms with little in the way of income earned by hefty fees. Now, with an investor base increasingly ready to pull out, several are calling it quits………………………………………………………………………………………………………… Read all about it at http://uk.reuters.com/article/2012/11/02/uk-hedgefunds-exit-idUKLNE8A102720121102