Fund launches & closures

Smaller launch AUMs observed in August

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Nervousness across markets in August has already led to mixed sentiments among investors – resulting in more new hedge funds starting with smaller AUMs at launch.

Fund administrators said they saw a significant number of launches last month below the usual $10-15 million threshold – even as low as $6 to $7 million, with the portfolio managers relying mostly on their own proprietary capital.

T E Srikumar, managing director for Apex Fund Services in Hong Kong, said launch AUMs on average last month were considerably lower than the $50-100 million that

many of the managers had targeted. Many