The first half of 2008 saw 83 fund launches with a minimum
of $50 million in capital, a number that fell well short of the
136 launches recorded in the same period in 2007.
At $30.37 billion, however, the value of assets slightly
exceeded last year's first half, when $30.13 billion was
raised. This reflects an important trend in the hedge fund
industry, in which assets are increasingly being concentrated
in fewer hands. At the same time, the dramatically
deteriorating financial environment has compelled many aspiring
managers to delay their launch until market conditions
Our table of the top 20 hedge fund launches accounts for
$23.95 billion, or 79%, of the grand total, while the top 10
launches on this list have raised two-thirds of the capital, or
$19.92 billion. A handful of megalaunches by the top five
players - Goldman Sachs, Brevan Howard, Conatus Capital...