When hedge funds just aren't fun anymore

There's no doubt that the credit crisis has really changed the industry. We've become accustomed to news about tottering hedge funds. Consider Atticus Capital. Thanks in part to some unfortunate bets on Freeport-McMoRan Copper & Gold and ConocoPhillips, it's down 12.5 percent in January, according to FINalternatives. Ouch! And what of California-based Meisenbach Capital? It fared better last month, losing only .5 percent. So why is it going out of business after 16 years? An article on II.com notes that demands from investors that it upgrade risk controls and the need for more resources made life as a hedge fund manager much less interesting.  

For more:
- here's the FINalternatives article
- here's the II.com article on Meisenbach