In a stock market like we've been going through this year, everyone is having a tough time, whether you've got just a few dollars in the game or billions, like Wall Street professionals. Arguably, the billionaires running hedge funds are having an even more difficult time than the small retail investor.

While their first-half performance beat the S&P 500, according to BarclayHedge, an institutional-investor services division of Backstop Solutions, hedge funds are now suffering sustained redemptions by investors. 

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Source Fool.com