Hedge fund launches top 100 in Texas

Over 100 new hedge funds launched in Texas last year alone according to delegates at the recent Opalesque Texas Roundtable. Delegates cite the tax environment as well as the robust local economy as reasons for the spate of new growth last year.

"We see predominantly long/short hedge funds launching, but also credit, direct lending, and more recently with the drop in oil prices, energy-focused high yield debt or credit funds," explains Burke McDavid, of law firm Akin Gump.

"I'm sure that there is also a significant percentage of managers setting up quietly. The number of small funds here in Texas is growing like a weed because we enjoy a very friendly economic environment here," adds Bryan K. Johnson, of Johnson & Company...(B. McCann's full article here). US funds launched in 2014 pulled in $34bn

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.

Six new hedge funds on track to start with at least $1bn

At least six new hedge funds are on track to start with at least $1 billion this year, according to data compiled by Bloomberg, after eight firms started with a 10-figure sum last year. The industry hasn't seen this many mega-startups since 2005, when 13 funds ra......................

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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.