Monday, 24 October 2016
Last updated 40 min ago
Jun 15 2012 | 11:01am ET
The first quarter of 2012 saw the launch of 304 hedge funds as industry assets hit a record $2.13 trillion, according to Hedge Fund Research.
On the flip side, hedge fund closures were also up in Q1, at 232; the highest liquidation rate since Q1 2010, when 240 funds closed.
More funds of hedge funds closed than opened in Q1 2012, according to HFR, with 64 closing compared to 34 launching. The quarter was the fourth consecutive in which the number of funds of funds declined.