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In association with Hedge Fund Intelligence |
| The number of new funds of |
Given the turmoil in global markets last year, it is not surprising that the number of new launches and the assets they raised were both sharply down in 2008 in all the main hedge fund markets. The number of new funds of $50 million or more reached 149 last year, raising combined total assets of $40.2 billion. This compares with 273 launches of that size in 2007, which together raised $69.2 billion. The figures for 2006 had been almost as high – 265 launches with combined assets of nearly $68 billion.
In the US, only 56 new funds started last year that raised $50 million or more – down from 81 new funds of that size in 2007. They raised a collective $23 billion, down from more than $31 billion the previous year.