Source : www.ftaplhaville.com [...] So far the count at the new site, the Hedge Fund Implode-o-Meter, is 11 - and thatâs counting the two Bear Stearns funds, for example, as one outfit. Thereâs also an ailing or watch list for those funds such as Basis Capital or the Macquarie Fortress funds that havenât shut down but are said to be suffering. Good to see that a few legal difficulties with the first site hasnât deterred the team from diversifying and providing this valuable service. And for the sake of clarity, remember: The âimplodedâ list contains hedge - or hedge-like funds which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal âbail-outâ by corporate parents or peers in order to avoid write-downs and provide liquidity. http://hf-implode.com/