The number of new European hedge fund launches is still running
at historically very low levels, but the average size of the
new funds is at an all-time high.
That is the central finding of the
EuroHedge new fund survey of first-half launches conducted
by the EuroHedge data and research team, which shows that at
least 45 new offshore hedge funds were launched in Europe
during the first half of the year, raising a combined $5.2
Although the number of new launches is less than in the
first half of 2010, when there were 58 new offshore funds,
assets raised by those funds is up nearly 40% from that period.
Further, the average size of the funds launched so far this
year is nearly double - at $116 million, up from an average
size of $65 million in the first half of last year.
That brings the average size of this year's new starts to
higher than it has ever been, surpassing the $102 million
average new fund size recorded for the first half of 2008 just
before the global financial crisis, which was the previous
peak, and almost three times the $44 million average size of
new funds launched in the first half of 2009.
At least 13 of the new funds that launched this year have
already raised $100 million or more, and the pipeline for
further significant launches in the second half of the year
The full story:
EuroHedge new fund survey: Numbers down, but size and quality