Launches & Closures

New hedge fund launches start to pick up pace in first half of 2010


The EuroHedge first-half new fund survey shows a turning point, with an 80% rise in assets raised compared with this time last year and a big jump in the number of onshore strategies launching under the UCITS regulated framework

The pace of new hedge fund launches in Europe is continuing to pick up from its lowest point in the first half of 2009, but is still running at historically low levels.

The bi-annual new fund survey conducted by the EuroHedge data and research team shows that at least 58 new hedge funds launched in the first six months of this year, raising a combined $3.75 billion as at the end of June.

That compares with 47 funds raising a mere $2.1 billion in the first half of last year - which was the lowest