Launches & Closures

2009 shutdown rate in line with past years


The European hedge fund industry had at least 154 shutdowns in 2009, compared to 176 in 2008. The final tally may be higher, given that some firms may not have reported closures yet. EuroHedge counted roughly 1,600 funds in Europe at the start of the year.

But on an annualised basis, the number of shutdowns confirmed so far for 2009 implies an attrition rate of just over 10% - in line with previous years.