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Why Perry Capital Shut Down: The Full Letter

That 2016 would be disastrous for hundreds of hedge funds - confirmed by the unprecedented number of HF shutdowns even as the S&P is supported by central banks just shy of all time highs - was presaged by the closing of Nevsky Capital at the very start of the year, whose famous farewell letter we posted first on January 5. As a reminder, instead of swimming against the central bank current, one which has swept away so many prominent, iconic hedge funds, Nevsky did the noble thing when it admitted that: "it is more difficult than ever before for us to accurately forecast macroeconomic and corporate variables.
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