Sources: The number of liquidated hedge funds has reached its highest level since 2009.

on Nov. 6, financial journalist Charles Gasparino wrote that the recent heavy sell-off in tech stocks has sparked market speculation that one or more hedge funds are in trouble. An unnamed CEO of a financial services firm told him that the number of hedge fund closures has reached its highest level since 2009. This round of shakeout is necessary, and the market is preparing to bottom out, but it will still need to withstand more downward pressure.