Some 5.1% of the Hedge Funds Shut Down Last Year

Some 5.1% of hedge funds shut down in 2006 because of dwindling trading opportunities, poor performance, career moves or other reasons, down from 5.4% closures in 2005 and a 6.2% rate in 2004, according to Hennessee Group survey.   

There are now nearly 8,000 hedge funds with more than $1.4 trillion in assets under management. 

The biggest loss last year was the collapse of $9 billion hedge fund firm Amaranth Advisors LLC. 

The attrition rate hit a high of 6.4% in 2000 and has averaged 5.2% during the past eight years, Hennessee said

Source/Related: 

Hedge funds shut down at slower rate in 2006, study finds - MarketWatch

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