Gordon Murray > Quotes

“The competitive landscape of hedge funds is rapidly changing, as hundreds of funds are opened and closed every year. For example, Pensions & Investments reported that 784 new funds were started in 2009, while 1,023 existing funds were closed. Amazingly, the median life of a hedge fund is only 31 months. Fewer than 15 percent of hedge funds last longer than six years, and 60 percent of them disappear in less than three years.[3]”
― Gordon Murray, The Investment Answer: Learn to Manage Your Money & Protect Your Financial Future