Preqin: 144 hedge fund launches in Q3

According to Preqin, an alternative investments research firm, 144 hedge funds were launched in Q3 2016 - compared to 269 in Q2, and 317 in Q3 2015. Fund launches (figures as at 19th October 2016)

Source: Preqin

Single-manager hedge funds represented the vast majority of hedge fund launches, rising from 71% to 86% when compared with Q2. But the numbers of UCITS and funds of hedge funds launches have decreased substantially.

North America-based hedge fund managers increased their share of all hedge fund launches to a 12-month high of 76%. Europe-based managers represented a fifth of funds launched.

Asia-Pacific-based managers remained at 3% over the past two quarters, below the levels seen in Q3 2015 (12%).

Only 1% of new funds tracked over the past quarter are focusing on Asia-Pacific, down from 9% in Q2 2016. The proportion of funds launched with a global focus reached a 12-month high of 69%. As for strategies, the proportion of fund launches pursuing event driven strategies saw a large rise during the quarter.

Source: Preqin

Source: Preqin

It is worth noting that emerging hedge funds saw the greatest returns of any size classification in Q3, generating 4.27%, while large hedge funds saw the small......................

To view our full article please login

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