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From the Opalesque Team: The latest HLA Australian Hedge Newsletter, written by David Chin from Sydney-based advisory group Hatfield Liptak Advisors, reported some of AIMA Australia's findings.

  Global equity market losses amounted to US $28,719 billion in 2008, while losses in the global hedge funds industry amounted to US$374 billion, (a ratio of 76.8 to 1) according to data presented by AIMA Australia chairman Kim Ivey at the Australian Securities and Investments Commission (ASIC) 'summer school' (covered by Opalesque). In comparison, the largest single corporate bankruptcy (in 2008) took out US$226 billion.

  Globally, hedge fund leverage decreased in 2008, with estimated industry assets of $1,600 billion and market positions of $3,680 billion giving a leverage ratio of 2.3. In comparison, leverage in 2007 was 2.8 and peaked at 2.9 in 2006.

  In January, we received estimates of the total assets of the hedge fund industry by the end of 2008 from various data providers: Eurekahedge reported a $350bln loss; HFN said that the industry had lost $1.047tln (36%); TrimTabs and BarclayHedge reported that assets were down to $998.4bln (down 50%); Hennessee reported that assets had decreased by $782bln to $1.21tln; HFR found that assets ......................

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