Although individual news items can have can have historical significance (such as story 1 below) the effort here is more to point to the themes and trends at work in the hedge fund industry last year. Here are my top stories for 2011:
1. Big Name Retirements – two of the best known names in the business stopped running other people’s money in 2011. George Soros turned Soros Fund Management into a family office in the middle of the year, allowing him to have some involvement, even if he is not the CIO at 81 years of age.