Generally poor performance in 2008 and large-scale
redemptions in the wake of the global financial turmoil are
taking a heavy toll, with the industry shrinking sharply in
European hedge fund assets fell by over 30% in 2008,
according to the latest survey by the EuroHedge data and
research team, as the industry began to shrink significantly in
the wake of poor fund performance and heavy industry-wide
Taken with the results of our
annual new fund survey, the dramatic falls in assets
underlines the degree of contraction that is now under way in
an industry that had previously enjoyed very rapid growth over
the past few years.
The survey found that total assets in European hedge funds
had fallen to just below $400 billion by the end of December -
down by 31% from their level of $575 billion at the end of
Pretty much all of...