A confirmed total of nearly 500 hedge funds shut down in
2008 counting each strategy only once and not for each
and every onshore or offshore version, or currency class (as in
some other databases). This is a big surge from previous years
in all the major regions.
In the US, there were at least 190 shutdowns. Together with
other shutdowns of funds managed in Canada, Brazil and from
offshore locations in the Caribbean, the total for the Americas
was well over 220. According to research by our team at
Absolute Return, these funds at their peak had run combined
assets of nearly $84 billion led in size by...