Slimmer Billion Dollar Club hits $613 billion as performance returns
Tue Sep 1, 2009
The rate of asset haemorrhaging of the InvestHedge Billion Dollar Club subsides to -13.5% in the first half of 2009, leaving 117 firms standing after 18 months of turmoil
By Niki Natarajan
Emerging slowly from its protective cocoon, the
fund of hedge funds industry seems to be settling into its new
body. A lithe figure of $613.17 billion in total assets at 30
June 2009 and 117 funds of hedge funds with more than $1
billion under management now make up the members of the
six-monthly InvestHedge Billion Dollar Club survey.
The previously obese industry has reduced its assets more
gradually than many expected in the first six months, having
lost -13.47%, perhaps indicating that the worst may be over. In
the first six months of the year, the remaining InvestHedge
Billion Dollar Club lost $95 billion in assets with 26% of the
universe being flat or showing growth in the first six
Almost a year ago Lehman Brothers' collapse was seen as the
straw that would break the camel's back after a year long
ISSN: 2151-1845 / CDC10004H
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