It is becoming increasingly likely that big hedge funds will end the year with steep losses, says Maureen Farrell in her CNNMoney article, “Big hedge funds are getting slaughtered.” Hedge funds, which are unregulated, now manage $2.04 trillion, the most money they have ever managed. Some are marketed as absolute return funds that are supposed, by virtue of complex hedging strategies, to be able to provide a positive return in up and down markets alike.