Three hundred and forty four hedge funds liquidated in the third quarter, considerably higher than the previous record of 267 in the fourth quarter of 2006, according to Hedge Fund Research.

Year to date through the first nine months of 2008, 693 hedge funds have shuttered, up from 409 in the first three quarters of 2007. At this rate, this year’s liquidations could surpass the record of 848 in 2005. Only 563 hedge funds shut down in all of last year.

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