(Reuters) - Hedge funds, considered the stalwarts of the investing world, are feeling the pain just like everyone else.
Monday's panicked U.S. stock sell-off, which drove the S&P 500 down more than 6 percent, is affecting investors from average Americans to the world's richest hedge fund managers, investors and fund managers said.
The losses triggered by Europe's debt crisis and the downgrade of America's triple-A credit rating are not expected to be as damaging as the 2008 financial crisis, but they are sure to be very deep and could make 2011 very difficult for the $2 trillion (1.22 trillion pounds) hedge fund industry.
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