Billion Dollar Club

Assets plunge 30% to $400bn


Generally poor performance in 2008 and large-scale redemptions in the wake of the global financial turmoil are taking a heavy toll, with the industry shrinking sharply in recent months

European hedge fund assets fell by over 30% in 2008, according to the latest survey by the EuroHedge data and research team, as the industry began to shrink significantly in the wake of poor fund performance and heavy industry-wide investor withdrawals.

Taken with the results of our annual new fund survey, the dramatic falls in assets underlines the degree of contraction that is now under way in an industry that