Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2014

NEW LAUNCHES: Recent maiden hedge fund launches

Hedge fund launches decline to lowest level in 3 years in Q3-3013

According the latest HFR Market Microstructure Industry Report, released today by Chicago-based data provider Hedge Fund Research, new fund launches totaled 231 for the third quarter, declining from 288 in the prior quarter and 275 in the third quarter of 2012, representing the lowest quarterly launch total since the fourth quarter of 2010 when 220 funds were launched. A total of 816 new hedge funds launched in the first three quarters of 2013, narrowly trailing the 824 funds launched in the same period in 2012. In the trailing 12 months, 1,100 funds have launched, narrowly trailing the launch totals from calendar years 2011 and 2012. The record number of new fund launches occurred in 2005, when 2,073 funds launched.

Hedge fund liquidations increased to 222 funds in Q3, an increase from the 190 liquidations from the previous quarter and the 211 liquidations from the third quarter of 2012, representing the highest quarterly total since 238 funds liquidated in the fourth quarter of 2012... Fees charged by 2013-launched funds lower than fees charged by funds launched in 2012

Continuing the trend of prior quarters, average hedge fund management and incentive fees declined industry wide, with average management fees falling 1 basis point (bps) to 1.53 percent, while incentive fees declined 11 bps, to 18.2 percent. Similarly, management and incentive fees charged by the vintage of funds launched in 2013 were lower than those charged by funds launched in 2012. Funds launched in 2013 had an average management fee of 1.38 percent, a decline of 24 bps from 2012 launches, while incentive fees for 2013 launches averaged 17.17 percent, 57 bps lower than management fees charged by 2012 launches... Adoption of Volcker rule likely to result i......................

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

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed