New European hedge fund launches in 2008 plunged to their
lowest level since 2002 as the market crisis sparked a rapid
rise in risk aversion
The number of European hedge fund launches in 2008 sank to
its lowest level since 2002, as acute market turmoil, meltdown
in the global financial system and massive investor wealth
destruction created the worst possible environment for starting
The annual survey by the EuroHedge research and data team
shows that just over 200 new funds launched in Europe during
the calendar year, raising total assets by year-end of a little
under $18 billion.
The number of new funds and the combined assets raised both
fell by over 50% from their peak in 2006 - when some 420
European hedge funds launched during the year, raising combined
assets of almost $38 billion - and by almost 50% against the
comparable figures in 2007, when...