Fund launches hit 10-year lows as investor risk appetite wanes

Mon Jul 27, 2009

The climate for new launches has never been harsher than in the first half of this year. But activity is picking up and there could be some big new launches in the second half

European hedge fund launches in the first six months of this year slumped to their lowest level since EuroHedge first began covering the industry 10 years ago.

That is the stark conclusion from the latest semi-annual survey of new funds by the EuroHedge data and research team, which shows that fewer than 50 new funds started trading in the first half of the year - raising a combined total of just over $2 billion in assets.

The $2.09 billion volume of overall assets raised is the lowest first-half figure ever - below the figures of $3 billion for the first half of 2000 and $2.15 billion for the first six months of 2001 in the very early days of the European hedge fund industry.

And the number of new funds launched, at just 47 in the first half of 2009, is the lowest on record since the 41 new funds...

ISSN: 2151-1845 / CDC10004H

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