The financial crisis did indeed strike the equity market in 2008. New figures from The federation of Danish investment associations shows compared to the figures from Hedgenordic that hedge funds did a lot better in 2008 than investment funds.
According to The federation of Danish investment associations the equity funds’ performance varies from minuses of approximately 70% in few specialized funds to plusses of 3% in one fund.
That should be compared with the performance from the Danish Hedge fund Cresco that made a positive return of 48% in 2008.
Typical equity funds fell 40 – 50% That should be compared with hedge funds that only fell 14% in 2008.
Bond investment funds did perform better – and Danish long term bonds finished with plusses of 8 – 9% in the best performing funds. This is the best performance in this area since 2002.
The investment fund industry’s AUM fell from DKK 919 billion. to DKK 676 billion. – and with this fall, 2008 was the first year with decline in the AUM since 1990. During 2008, the number of private investors fell from approximately 875,000 to 850,000.
D.C.