Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2012

Launches - A recapitulation of maiden launches in the last 30 days

Launches 275 hedge fund launches, 211 liquidations in Q3-12

New hedge fund launches and liquidations maintained the pace of recent quarters in 3Q12 despite the overhang of macroeconomic risks, political uncertainties and anticipated regulatory changes, according to data released by Hedge Fund Research (HFR), a provider of indexation, research and analysis for the global hedge fund industry.

Hedge fund launches totalled 275 in 3Q12, an increase from 245 in the prior quarter, bringing total launches in the trailing 12 months to 1,094 funds, slightly below the 2011 launch total of 1,113 fund openings.

Hedge fund liquidations increased to 211 in 3Q12, an uptick from the 192 liquidations in 2Q12, bringing total liquidations to 825 in the trailing 12 months, slightly ahead of the 2011 total of 775 fund closings.

Concurrent with total hedge fund industry assets reaching a record level of $2.2 trillion, the total number of singlemanager hedge funds also reached a record level of 7,867 funds in 3Q12. However, in contrast to this trend, and indicative of an increased propensity for investors to invest directly into hedge funds, the total number of Funds of Hedge Funds (FOF) in existence declined to fewer than 1,900, a level not seen since 1Q05.

Launches in both Macro and Relative Value Arbitrage (RV) strategies exceeded launches in Equity Hedge for the first time in 3Q12, with over 100 new Macro funds and over 70 new RV funds launching in 3Q12, compared to 60 launches in Equity Hedge.

We recently heard of this ex-hedge funder striking out on his own:

1.   ......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably