Launches & Closures

Slowdown in fund shutdowns after 2008 spike

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The trend in fund closures looks to have slowed right down in 2009 following a spike in 2008 as a result of the credit crunch. With 58 funds closed down in 2009 up to the end of October, the on-going closure rate of about 6.4% is much more according to the regional norm of 4% to 6% for the Asia-Pacific hedge fund industry. This compares with the 15.8% level we saw last year when 132 funds closed down.

By strategy, the bulk of fund closures are still taking place in Japan long/short. Twelve have closed so far this