The pace of new hedge fund launches in Europe continued to recover in 2010 as the industry’s revival from the lows of late 2008 and early 2009 began to take root – although the overall level of new launch activity remains a long way below its pre-crisis peak.
That is the key finding of the annual survey of new hedge fund launches conducted by the EuroHedge research and data team – which shows that some 157 new hedge funds launched in Europe in the 2010 calendar year, raising combined assets of some $11.8 billion.
The figure represents a rise of just over 10% on the corresponding figure in 2009 – when 142 new European hedge funds launched during the year – in terms of the number of new launches, and a rise of around 6% in terms of the assets raised against the comparable figure of $11.15 billion in 2009.
Despite...