Hedge fund redemptions for 2008 reached an all-time high as investors pulled money from performing and non-performing funds alike. In 2008 almost 1500 hedge funds shut down, almost double the previous record of 848. Additionally, half of the hedge fund closures in 2008 came in the fourth quarter with 778 hedge funds closing in Q4 2008 alone.
* We have listed several hedge fund closings before, but here is a short list:
Drake Management
Peloton Partners
Ascot Partners
Ospraie Management ($2B+)
Okumus Capital
Gordian Knot ($27B Sigma Finance Fund)
And what list of hedge fund closures would be complete without Bernard Madoff Investment Securities.
and many more can be found at hedge fund implode
* All in all, almost 15% of the hedge fund industry closed shop in 08.
* Hedge fund openings also fell. The 650+ hedge funds that opened in 2008 was the lowest since 2000.
* The number of new fund starts in Q4 2008 (56) was half of that the previous quarter (117)
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Showing posts with label hedge fund shut down. Show all posts
Showing posts with label hedge fund shut down. Show all posts
1.07.2009
3000 Hedge Funds Could Close, BNP Paribas Says
BNP Paribas is speculating that more than 3000 hedge funds that operated in 2008 will be gone by the end of 2009. BNP Paribas is also noting that hedge fund assets could fall under $1 trillion.
According to Hedge Fund Research, more than 600 hedge funds closed their doors in 2008. up more than 70% from 2007.
The third quarter, the last quarter for which data is complete, witnessed more than 300 hedge fund closures, a new record.
11.10.2008
Hong-Kong Based Hedge Fund Closes
1-Apac Greater China hedge fund who once managed $55 billion is closing its doors. Dr. Ken Lu confirmed today the decision was made to pull the plug after 16% losses this month and assets diminishing to under $10 million.
Very bearish asian stock market returns have been pounding China focused hedge funds this year with more fund closings than openings this year. This is a sharp reversal from last year when almost twice as many hedge funds were opened as were closed.
Read the full article:
Very bearish asian stock market returns have been pounding China focused hedge funds this year with more fund closings than openings this year. This is a sharp reversal from last year when almost twice as many hedge funds were opened as were closed.
Read the full article:
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