New funds raise record assets

Thu Oct 4, 2007



The strong flow of new fund launches in the first half of 2007 confirmed the ongoing vitality and robustness of the global hedge fund industry during that period. In the US, Europe and Asia, new records were set as the number of startups and the volume of assets raised were well in excess of the same period in 2006. According to HedgeFund Intelligence’s database and associated surveys, at least 319 funds were launched in these markets and attracted $33.7 billion in new assets.

As the two largest hedge fund markets in the world, the US and the United Kingdom accounted for around three-quarters of global start-ups. Nevertheless, smaller centres, such as Switzerland, Singapore and Hong Kong, which took a combined share of 18.7%, also registered significant growth. The increasing attraction to hedge funds among institutional investors, combined with highly liquid bull markets, helped fuel the entrepreneurial drive...

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