According to Carbon360 Research, combined alternative assets (hedge funds and fund of hedge funds,) under management (AUM) fell USD1.347 trillion to USD2.496 trillion as of the end Q1 2009, yielding a twelve month decline of -37.25% from the 2008 Q1 reported amount of USD3.821 trillion.
Over the 9 month period from beginning Q3 2008 to the end of Q1 2009, the alternatives industry saw its greatest decline since Carbon360 began tracking in 1997, losing USD703.82 Billion in assets through a combination of poor performance and investor redemptions. Fiscal 2008 saw the bulk of the decline with roughly -28% and through the first quarter of 2009 the industry has seen assets erode another -9.25%.