Launches & Closures

New launch pace picks up as confidence starts to flow


 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.