I recently attended a hedge fund conference. In a sign of the times the format was a half day and presented in an austere, no frills environment…coincidentally the same room where I was married but that is a subject for another day.
From today’s FT. HNW continue to flee hedge funds leaving an industry that is “more North American and more institutional.” Selected excerpts: “Rich Europeans, who were the first to invest in hedge funds and once comprised the majority of investors, have been the first to exit in the downturn, according to a… Read more »
Highlights from this year’s DB alternative investment survey.
While hard data on the hedge fund industry is hard to come by, it is commonly understood that 50% of single manager money comes from FOFs. According to Hedgeworld, 30% of that 50% is gone, with significant implications for raising new capital. To name a few: – consolidating positions – knock-on redemptions – legitimate concern… Read more »
Morgan Stanley offers its forecast on the hedge fund AUM trajectory. From Hedgeworld. Hedge Fund Assets Seen Down 37% in ’09: Analyst By Reuters Monday, January 26, 2009 NEW YORK (Reuters)—Tough times may not be over for a hedge fund business that suffered big losses and saw total assets shrink… Read more »