“I am happy to buy when faced with irrational fear, but the fear that I see around me today appears reasonably rational. - Crispin Odey”

Hedge fund investments peaked in June 2007 and bottomed in October 2008.

Q1: January, February, March 2008

“Data from Hedge Fund Research showed that the overall return for hedge funds during January was -1.8 per cent.”

Q2: April, Mai, June

Q3: July, August, September

Q4: October, November, December

In October over $21 billion was taken out of the industry. Investors got desperate and wanted to sell in a market short of buyers. Money was aggressively taken out.

November 2008 was almost as bad. $19.4 billion was taken out of hedge funds. The total outflow of hedge funds for 2008 was at $44 billion.

Hedge Funds in general finished 2008 -18.3%.

See a list of top 10 hedge fund winners and losers