New launches in 2011 stay depressed as climate deteriorates in second half
Mon Feb 27, 2012
New hedge fund launches in Europe remained at low levels in 2011 against a backdrop of volatile markets and extreme political and macro uncertainty. But the quality of many of the new funds coming through is the highest for many years – and the pace is picking up again
macro-economic and political uncertainty, wildly volatile
financial markets and a fast-darkening overall business
environment in Europe in the latter part of the year all
combined to create a dismal overall climate for launching new
European hedge funds in 2011, with the numbers of new start-ups
hitting their lowest levels since 2002.
That is the finding of the latest annual new fund survey
conducted by the EuroHedge data and research team –
which found that just 116 new European hedge funds launched in
2011, raising combined assets of some $11.17 billion.
At those levels, the pace of new industry launches in Europe
is roughly back to the same stage as it was in its formative
stages back in 2002 – when less than 100 new funds
launched in the year, raising assets of below $10 billion.
It marks a continued massive reduction in activity from the
peak years of 2006 and...
ISSN: 2151-1845 / CDC10004H
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