Hedge funds will continue to suffer poor results and redemptions for the next four years,
Assets in hedge funds will decline 18.2% to less than $1 trillion this year, and wont recover until 2013, he said. At their height in the middle of 2008, they stood at $2.2 trillion.
As the hedge fund business wavers, prime brokers revenue will drop 32% and their earnings will plummet 52%, Hintz said.