What's up with small hedge funds?

We've heard a lot about big hedge funds blowing up recently. But according to HedgeFund.net, the real misery is at the smallest hedge funds, those in the $15 million range. HedgeFund.net says it noticed a spike in funds being removed from its database, and decided to find out why. Micro funds account for 22 percent of the database but for nearly half of the turnover. This is yet another sign of how hard it is to really get a fund up-and-running from scratch. If you've got less than $15 million under management, there is precious little room for error. You've got to start hitting triples right out of the gate. You might want to start looking for some merger partners right away, if you know what I mean.  

For more:
- here's the release

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