Tough times for start-ups – but class of 2012 could be best ever
Thu Sep 6, 2012
Although the industry may be in tougher times, it has also matured and changed in some ways for the better
By Neil Wilson
It may be stating the obvious, but the market is tough out there. Just how tough is clear from HedgeFund Intelligence’s first-half statistics on new hedge fund launches. In the major regions, start-up numbers still languish a long way from levels seen around the pre-financial crisis peak of 2007 – and in some areas, such as in Europe, they are currently at their lowest for more than a decade.
In the Americas, there were at least 33 new funds that raised $25 million or more during the first half of 2012, reaching collective assets of $10.5 billion – slightly up on the 29 funds which raised $10.3 billion in H1 2011 – according to the latest Absolute Return survey. But almost half of the new fund assets went to one mega-launch – the Renaissance Institutional Diversified Alpha fund, launched in March and reaching over $5 billion...
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