Survey: ‘07 Hedge Fund Launches Outpace ‘06

Jul 10 2007 | 9:59am ET

A new survey shows that that new hedge fund launches in the U.S. this year are up sharply over the same period in 2006.
 
In the first six months of 2007, 72 new funds began trading with a total of $14 billion, according to the Absolute Return survey, eclipsing the first half of last year, when 51 new funds were launched with $11.7 billion. This year, three mega-funds—Carlyle Bluewave, CVI Global Value Fund and GMN Master Fund—were launched with more than $1 billion; last year, when only one fund managed to surpass the billion-dollar mark before July 1.

The survey also noted that domestic long/short equity funds dominated the first half’s offerings with 28 launches that raised $4.7 billion, up from 19 launches and $2.9 billion during the same period last year. Other new niche strategies this year include five healthcare funds with a combined total of $860 million and a natural resources fund with $61 million. Also included is a pair of asset managers in Brazil that raised nearly $100 million in total.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of