It would be excellent to bring back Glass-Steagall and persuade Goldman to leave the commercial bank business and go back to its former partnership status. Perhaps investors such as pension funds have decided some hedge funds are not worth investing in.
Investors In Hedge Funds Are Starting To Head For The ExitsRead the rest of the article here
By Nathan Vardi - Forbes
There are signs that investors are becoming increasingly impatient with hedge funds and that 2012 will be an important year for this very rich $2 trillion industry.
Investors pulled $5.1 billion from hedge funds in April, according to BarclayHedge and TrimTabs Investment Research, and more than $12.7 billion flowed out of the hedge fund industry between May 2011 and April 2012. There were net outflows in 6 of those 12 months.