Sun, Apr 26, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner