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 years 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