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From the Opalesque team:

Laven Partners, a global consulting group focused on the alternative investment industry, said it its latest newsletter that it had seen renewed activity in Q1-10 with new hedge fund business set ups on the rise.

In terms of (UK) FSA applications and fund set up, Laven Partners has experienced a 50% increase in interest, evidencing a gradual return to pre-crisis conditions and greater confidence in markets.

According to International Financial Services London (IFSL), an independent organisation promoting UK financial services, the number of hedge funds totalled around 9,400 at the end of 2009, a reduction of more than 1,000 from the peak seen two years earlier. New hedge fund launches however exceeded the number of liquidations in the second half of the year.

London still has a 20% share of the hedge fund industry, with 1,000 funds managing three quarters of European assets, but Europe has more than doubled its share of the global total since the start of the decade, said IFSL. The hedge fund industry is however concerned that the European Commission's proposed Directive on Alternative Investment Fund Managers (AIFM) may create major difficulties in the medium term for non-EU funds and managers in accessing the EU market.

Laven......................

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