26.03.2015 - New hedge funds net most cash since 2004
Hungry for returns, investors are giving more new hedge funds a test drive. Funds based in the Americas that launched in 2014 pulled in $34.1 billion, the highest annual total since $39.5 billion was raised in 2004, according to new research from industry news and data provider Absolute Return. The money was spread out over 84 new funds running at least $50 million, the largest total since 86 of the same minimum size were formed in 2006. The largest fresh fund offerings came from a mix of new and old firms. The largest was the Two Sigma Absolute Return Macro Master Fund from leading quantitative investor Two Sigma. The vehicle raised a whopping $3.3 billion as of Jan. 1...............................................Full Article: Source
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