Law360, New York ( April 14, 2017, 12:55 PM EDT) -- Hedge fund mortality is commonplace, yet it is an infrequently examined subject. Hedge Fund Research Inc. has compiled data that shows more hedge funds have closed over the last 10 years than existed at the start of it. Although there is substantial public commentary regarding the formation and growth of funds, many of the complex issues that arise when closing down a fund do not receive the same level of attention. As the U.S. Securities and Exchange Commission considers issuing guidance that could require mandatory transition planning for all registered investment advisers, understanding the various elements of a fund wind-down have become a topic of importance to managers and investors....