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Precy Dumlao, Opalesque Asia:

The majority of hedge funds launched in Florida in the first five months of 2010 were mostly U.S.-focused, emerging market equity long/short, commodity, and fixed income strategies. There were also some launches focused on distressed real estate and loans and some strategies implemented through managed accounts and fund-of-funds, said Jorge de Cardenas, Director and co-founder of Kaufman Rossin Fund Services, an independent administrator with $18bn in assets under administration, in the recent Opalesque Roundtable in Miami.

Kaufman Rossin was part of research firm Carbon360°’s list of the top 40 administrators (see also last year’s exclusive on the firm here.)

The launches were normally between $15m to $20m in size, although there have been launches as high as $150m. “A lot of the launches were based on ‘family and friends’ money, where managers are trying to develop a track record for a year or so before they market the funds,” he added.

Seeding capital now more difficult Over the last two or three years, raising new capital has become more difficult as ......................

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