BNP Paribas' Emma Sugarman Explains Why More Hedge Funds Will Close Before The End Of 2011

Emma Sugarman

Photo: Bloomberg TV

BNP Paribas’ Emma Sugarman, the head of U.S. capital-introductions, told Bloomberg TV yesterday that since several hedge funds missed the October rally there will “undoubtedly” be more hedge fund closures in 2011.”I think undoubtedly we are going to see more hedge fund closures this year,” Sugarman said. 

“I think we started to see it earlier in the year with big bluechip names–people like Stan Druckenmiller at Duquesne and Bruce Kovner stepping back from Caxton.”

“It’s not as much fun working in the hedge fund market anymore,” she said.

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