Hedge fund closures still outpace launches
Monday, September 21, 2009 : PermalinkThe hedge fund industry continues to shrink — though the pace is slowing a bit, according to the latest report from Hedge Fund Research Inc.
During the three-month period ended June 30, the industry saw 182 launches and 292 liquidations, a net decrease of 110 funds.
The number of hedge funds fell to 8,946, according to Hedge Fund Research, which calculated the attrition rate at 3.2% for the second quarter and 4% for the first quarter.
