Launches & Closures

Rate of fund closures slows down following a tough 2008


The closure rate for the Asia-Pacific hedge fund industry looks to be slowing down after a sharp spike in the second half of 2008. With 48 funds now closed down in 2009 to date, the annualised rate this year compares favourably to last, when 139 funds closed down.

This includes restructurings by large managers, including houses such as Boyer Allan, Sloane Robinson and Sofaer. The 2008 fund-closure rate was about 15%. This year’s rate is expected to fall back below 10%, unless the markets suffer another shake-up. However, news of a fund’s closure can often be slow in emerging,