This is the latest depressing data point for hedge funds bleeding assets

The news isn't getting any better for the biggest hedge funds.
Assets at the largest funds have dropped sharply, according to a new survey by industry data and news provider Hedge Fund Intelligence.
The twice-annual Billion Dollar Club report, released on Thursday, showed a decline of nearly 7 percent, or $132 billion, to July 2016 from a year ago. 
The survey attempts to tabulate all Americas-based firms that manage at least $1 billion in traditional hedge fund assets. Together, 302 firms