View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
January 21, 2009

Hedge funds lose $782 billion in 2008

By Spear's

Hedge fund advisers Hennessee Group estimate that hedge fund assets decreased by $782 billion over 2008, the worst net outflows in the sector’s history.

The decrease in assets represents a 39 percent fall since the beginning of the year, although it only brings assets back to 2006 levels. Hennessee estimates that the fall was roughly split between redemptions (20 percent) and negative performance (19 percent).

Meanwhile, the Hennessee Hedge Fund Index declined 19.2 percent over the course of the year. Total assets for arbitrage and event driven funds were down approximately 43 percent in 2008. Total assets for global/macro funds declined 40 percent.

Going into 2009, Hennessee Group Research finds that fund of hedge funds represent the largest single source of capital for the industry, or 32 percent.

For further details, visit thewealthnet

Content from our partners
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight
Meet the females leading in the FTSE

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network