HEDGE FUND CONTAGION. Even would-be masters of the universe are not immune to the coronavirus. A mere 84 hedge funds launched in the first quarter of 2020, according to Hedge Fund Research data, the lowest number since 2008. Fund liquidations topped 300 in the period, a level seen just once since the financial crisis.
And that’s for a quarter in which Covid-19 was only beginning its temporary devastation of stock markets, and more durable disruption of economic activity.