Billion Dollar Club

Contraction continues as European industry assets shrink further in H1


Assets in European hedge funds shrank by a further 12% in the first half of 2009 in spite of good overall performance, although there is evidence that the decline is finally levelling out

The European hedge fund industry continued to shrink in the first half of 2009, with overall assets under management in European hedge funds falling by some 12% from $398 billion at the start of the year to just over $350 billion at the end of June.

That is the key finding of the latest mid-year industry survey conducted by the EuroHedge data and research team - which shows that, despite generally positive performance in the first half year, European hedge funds continued to experience withdrawals from investors.

To the end of June this year, the EuroHedge Composite index was showing