Hedge funds have killed Sears and many other retailers


New York( CNN Business) Sears and other retailers that bit the dust recently have two things in common: They couldn’t compete with Amazon and Walmart and the latter are backed by big-hearted private equity firms and hedge funds that horribly mismanaged them.

Scroll through the roll of some other high-profile retail insolvencies, and you’ll be pointed out that Sears isn’t the only one that couldn’t be saved by the supposedly smartest guys on Wall Street.

Many well-known retailers that is likely succumbed to bankruptcies were loaded up with obligation, stirring prevailing difficulties even worse.