Tough times for start-ups – but class of 2012 could be best ever


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