New funds

Wed Oct 22, 2008

The first half of 2008 saw 83 fund launches with a minimum of $50 million in capital, a number that fell well short of the 136 launches recorded in the same period in 2007.

However, at $30.37 billion, the value of assets very slightly exceeded last year’s first half, when $30.13 billion was raised. This clearly reflects an important trend in the hedge fund industry, whereby assets are increasingly being concentrated in fewer hands. At the same time, the dramatically deteriorating financial environment has compelled many aspiring managers to delay their launch until market conditions improve. As the credit crunch turns into a credit halt, this trend will undoubtedly become more pronounced.

Our table of the top 20 hedge fund launches accounts for $23.95 billion, or 79%, of the grand total, while the top 10 launches on this list have raised two-thirds of the capital with...

ISSN: 2151-1845 / CDC10004H


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