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