06.12.2012 - Quant fund launches at record high
Trend-following quantitative “black-box” hedge funds are accounting for their highest-ever proportion of hedge fund start-ups, despite weak returns since the financial crisis. A record 187 quant, or algorithmic funds, launched last year and account for 12 per cent of all hedge fund start-ups, another record, according to Preqin, a data provider whose figures go back to 2000. Preqin said it expected this year’s tally to be higher still; launches in the first quarter of 2012 were up 40 per cent from last year and it has recorded 95 quant fund start-ups in total so far this year, even though its data typically lags by six to nine months...............................................Full Article: Source
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