New Hedge Fund Economics

Managers must learn how to make ends meet in a world without performance fees.

Stephen Taub December 17, 2025

Like scores of hedge fund managers this year, Richard Brennan has fallen victim to the global credit crisis and market meltdown. Brennan is the founder of Camulos Capital, a $2.5 billion Stamford, Connecticut–based firm that specializes in credit strategies. By early September his long-biased Camulos

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