Launches & Closures

The blockbuster launches continue


Amid rumors that the hedge fund industry is waning, new funds raise a record amount

If the Securities and Exchange Commission's decision to begin regulating hedge funds was in part an effort to deter new managers from starting hedge funds, it seems the plan may have backfired. Despite lackluster performance, consolidation, scandal and an overall sense that investors are disillusioned with hedge funds, the first half of 2005 has seen a number of blockbuster fund launches that have landed a windfall of money, suggesting the industry is anything but in the dumps.

So far this year,