More Hedge Funds Shut Last Year Than Any Time Since the 2008 Crisis

``Liquidations totaled 1,057 last year, the most in any period since 2008, according to data released Friday by Hedge Fund Research, Inc. Though assets managed by the industry rose slightly to $3.02 trillion during 2016, at the end of the year there were 9,893 funds managing that cash, including funds of hedge funds -- the fewest since 2012. ''