Launches & Closures Hedge Funds

Pedigree holds no guarantee for new funds

by Staff Writer

Some 34 Americas hedge funds raised $11 billion in the first half, but most of the money was clustered in a handful of managers.

Arbalet's Jennifer Fan raised $650M.
(Photo: Bloomberg)

At first glance, the environment for new hedge fund launches in the Americas appears robust. Some 34 new funds raised $11 billion in the first half of the year, eking past last year’s total of $10.3 billion1.

As was the case last summer, one mega-launch comprised nearly half of the total, suggesting strong appetite for the right manager at