Thursday, 29 January 2015
Last updated 49 min ago
Dec 8 2011 | 1:59am ET
More hedge funds closed and fewer hedge funds opened in the third quarter, the worst three months in three years for the industry in terms of performance.
Some 213 hedge funds liquidated between July and September, the most since the beginning of last year, Hedge Fund Research data shows. But the total number of hedge funds actually increased, thanks to 265 funds opening their doors over the period.
But that number also shrank, from 280 in the second quarter. All told, 843 hedge funds have opened this year, keeping the industry on pace for the most launches in four years.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…