Hedge fund Nevsky Capital called it quits about a month ago (and this is a fund with historically stellar performance). Their &quot;goodbye letter&quot; [1] does an excellent job at spelling out some of the reasons hedge funds are a less attractive proposition lately.<p>[1] <a href="https:&#x2F;&#x2F;www.scribd.com&#x2F;mobile&#x2F;doc&#x2F;294654490&#x2F;Nevsky-Newsletter-151231" rel="nofollow">https:&#x2F;&#x2F;www.scribd.com&#x2F;mobile&#x2F;doc&#x2F;294654490&#x2F;Nevsky-Newslette...</a>