Maiden launches announced in December 2011

At Opalesque, we heard of the following maiden launches during December 2011:

Alex Denner, who has a Ph.D. in biomedical engineering, split from activist investor Carl Icahn to start his own hedge fund; Eashwar Krishnan, a former analyst at hedge fund Lone Pine, and Tanvir Ghani, former head of capital introduction for Asia-Pacific at Goldman Sachs, are setting up an Asia-focused hedge fund in Hong Kong to be launched around April; and more than 10 "Korean-style" hedge funds were expected to make their historic debut on Dec. 23, according to the Financial Services Commission and the Korea Financial Investment Association.

Robertson: the industry is tougher because there are more hedge funds being created

Julian Robertson, one of the few elders of the hedge fund industry, and the founder of the now defunct U.S. investment firm Tiger Management, told CNBC in December 2011 that the hedge fund business was getting tougher every day because there are more hedge funds being created.

"And the reason for that is, it's the best way to pay these very competent guys on Wall Street," he explained. "So they matriculate into hedge funds. I think hedge funds would prefer to compete against the banks or mutual funds or individual brokers than they would against other hedge funds."

He believes it's a tough business now and it's going to get tougher, but: "The industry has a ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.