Sunday, 1 March 2015
Last updated 2 days ago
Mar 19 2014 | 10:26am ET
More hedge funds closed than in any year since 2009 and fewer opened in any year since 2010 last year.
Just 1,060 hedge funds debuted in 2013, compared to 1,108 in 2012 and 1,113 in 2011. Last year was the worst for hedge fund launches since 2010, when only 935 funds opened their doors, according to Hedge Fund Research.
Hedge fund liquidations rose to 904 last year from 873 in 2012. It was the highest attrition rate for hedge funds since 2009, when 1,023 closed.
“Data on launches and liquidations suggests the capital-raising environment for mid- to small hedge funds continues to be challenging,” HFR President Kenneth Heinz said.
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…