Launches & Closures

New launch pace picks up as confidence starts to flow

by

 
 Paul Findley
The pace of new European hedge fund launches is picking up momentum again rapidly after its two-year decline, with an increasing number of high-quality operations kicking off in recent weeks or set to get going in the next few weeks.

Brummer & Partners, the $10 billion Stockholm-based multi-strategy hedge fund group, has confirmed a $300 million investment in a new London-based event-driven fund led by former traders from the renowned Goldman Sachs Principal Strategies group – with a number of high-level prop trading spin-outs from other banks also in the works.

Paul