It appears he is not alone in this prediction, Emmanuel Roman, head of GLG one of the biggest hedge funds, is saying the same thing.
25% TO 30% of the world's 8,000 hedge funds would disappear "in a Darwinian process", either going bust or deciding meager profits are not worth their efforts.
This will go down in the history books as one of the greatest fiascos of banking in 100 years
Roubini is saying 500 hedge funds will fail within months and calculating out Roman, that would be 2000 to 2400 hedge fund failures.
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