Hedge Fund News From HedgeCo.Net


Hedge funds post record US$350b loss in 2008

Business Times Malaysia – Hedge funds posted their biggest decline on record last year, losing US$350 billion globally, as the credit crisis crippled returns and forced investors to pull money out, an industry report showed.

About 90 per cent of the money was lost in the three months to the end of November, according to a preliminary report published on Monday by Singapore-based data provider Eurekahedge.

Funds that invested in North America declined the most, posting a drop of US$183 billion for the year, the report said.

The hedge-fund industry shrank by about a fifth to US$1.5 trillion at the end of the year from a peak of US$1.9 trillion, Eurekahedge said.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.