Contraction continues as European industry assets shrink further in H1
Tue Sep 22, 2009
Assets in European hedge funds shrank by a further 12% in the first half of 2009 in spite of good overall performance, although there is evidence that the decline is finally levelling out
The European hedge fund industry continued to shrink in the
first half of 2009, with overall assets under management in
European hedge funds falling by some 12% from $398 billion at
the start of the year to just over $350 billion at the end of
That is the key finding of the latest mid-year industry
survey conducted by the EuroHedge data and research team -
which shows that, despite generally positive performance in the
first half year, European hedge funds continued to experience
withdrawals from investors.
To the end of June this year, the EuroHedge Composite index
was showing a return of 3.74% on a median average basis - and a
return of just over 6% on a mean average basis.
So, with hedge funds generally making positive returns in
the first half of the year, all of this year's continued
contraction is as a result of investor redemptions -...
ISSN: 2151-1845 / CDC10004H
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