Billion Dollar Club fund of funds assets shrink 30%, cutting total to $744bn
Fri Mar 6, 2009
As funds of hedge funds assets shrink by almost 30%, the multi-manager industry goes back to the size of June 2006. Niki Natarajan looks at the Billion Dollar Club survey and finds that performance, deleveraging and a general exodus from hedge funds have hit the bottom line hard
The performance freefall, liquidity drought, global
deleveraging and collapse of the global banking system,
followed by a mass uncovering of fraud stacked up to make 2008
the annus most horribilis ever seen by the funds of funds
Each year since the InvestHedge Billion Dollar Club survey
started, the assets and number of firms with more than $1
billion have grown - sometimes steadily and sometimes rapidly.
But for the first time since 2002, the funds of hedge funds
industry has shrunk both in terms of assets and number of
Today, 137 funds of hedge fund firms - each with $1 billion
or more in assets - run $744 billion in total funds. This
number includes 14 new entrants that joined the rankings
But this universe of 137 firms fell by 29.2% for the full
calendar year of 2008. From a January 2008 asset total of $1.1
trillion, this brought...
ISSN: 2151-1845 / CDC10004H
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