Hedge fund report bleak

(CNN Money): A record number of hedge funds went bust during the third quarter, a report showed Thursday, as shaky markets and tight credit drove investors away from risky investments. Hedge Fund Research, a Chicago-based information company, said the number of hedge funds liquidated in the third quarter rose to 344, which is more than three times the 105 liquidations in the third quarter of 2007. It’s also 77 more than the previous record of 267 liquidations in the fourth quarter of 2006. Go to article.