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Fund closure can have a big impact on investment performance: the managers no longer have the spur of needing to attract new investors while existing ones are usually locked in by charges for early surrender.
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Still, the overall number of hedge fund closures this year is running below last year's total of 731, according to Preqin data.
When will we start to see the VC layoffs and fund closures?
The issue of fund closures is one where the interests of investors and funds companies often collide.
But they didn't; instead, they worked to fund the closure and find themselves with a meaner redundancy package than they would have got under Margaret Thatcher.
The court of appeal last year declared the fund's closure illegal; but armed with some extra paperwork Duncan Smith and his ministers reannounced its abolition by next March.
In Waltham Forest, east London, a freedom of information request by Inclusion London showed 53 out of 60 ex-ILF users have had their social care support cut since the fund's closure.
Newton-Jones said the entire board and executive team had committed to taking up shares in the massive rights issue which will fund the closure of loss-making stores as well as IT investments and debt repayments in the latest attempt to revive the ailing retailer.
Their cash or savings were simply scalped and went to help fund the closure of one bank and the propping up of others.
In a 1999 study Morningstar found that a fund's closure often heralds the start of weaker relative performance, at least in the short term.
Small organisations often rely on one main funder for virtually all their income, so that a cut or cessation of funding means closure.
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CEO of Professional Science Editing for Scientists @ prosciediting.com