Launches & Closures

New funds taste pre-crisis highs


Some 71 new Americas hedge funds managed $24.9 billion by yearend, the richest total since 2007.

They're back.

Some 71 new hedge funds launched in 2012 and managed $24.9 billion by the end of the year, the highest total since 2007, when 81 launches amassed $31 billion.1

  2012 New Funds Ranking

Prime Broker Market Share
Two new firms--Falcon Edge Capital and Slate Path Capital--started with more than $1 billion--up from just one firm last year, and Encompass Capital Partners came close to being the third over the barrier with $900 million, a source said. Peak6 Advisors' Achievement Fund shot to $700 million and has firm commitments that