Given the turmoil in global markets last year, it is not
surprising that the number of new launches and the assets they
raised were both sharply down in 2008 in all the major hedge
The number of new funds of $50 million or more reached 149
last year, raising combined total assets of $40.2 billion. This
compares with 273 launches of that size in 2007, which together
raised $69.2 billion. The comparative figures for 2006 had been
almost as high 265 launches with combined assets of
nearly $68 billion.
In the US, there were only 56 new funds started last year
that raised $50 million or more down from 81 new funds
of that size or more in 2007. Together they raised a collective
$23 billion, down from over $31 billion the previous year. And
this total was dramatically boosted by one big launch...