UBS: Hedge Fund Assets To Shrink To $1.2T

Feb 17 2009 | 1:25am ET

Global hedge fund assets will fall by another $200 billion this quarter, a top UBS executive said today.

“We are going to see a reduction in hedge fund assets, we are going to see a decline in the number of hedge funds, we are going to see some strategies that will not work in this environment,” Timothy Bell, global head of hedge funds advisory at UBS Wealth Management, said.

Hedge fund assets will sink to $1.2 trillion by the end of the first quarter, a nearly 40% decline since peaking in the middle of 2008. Bell said the continued asset evaporation will be caused in part by hedge fund liquidations and a decline in the use of leverage.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note