New funds raise record assets

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The strong flow of new fund launches in the first half of 2007 confirmed the ongoing vitality and robustness of the global hedge fund industry during that period. In the United States, Europe and Asia, new records were set as the number of startups and the volume of assets raised were well in excess of the same period in 2006. According to HedgeFund Intelligence’s database and associated surveys, at least 319 funds were launched in these markets and attracted $33.7 billion in new assets.

As the two largest hedge fund markets in the world, the United States and