Hedge launches up, liquidations down

During last year's fourth quarter, 288 new funds were launched and 154 funds were liquidated, according to HFR.
MAR 19, 2008
By  Bloomberg
The pace of hedge fund launches and liquidations slowed during the fourth quarter of 2007, with 288 new funds launched and 154 funds liquidated, according Hedge Fund Research Inc. of Chicago. For all of 2007, 1,152 new funds were started, while 563 fund were liquidated and returned the remaining capital to investors. That compares to 1,518 funds launched and 717 funds liquidated in 2006. Equity Hedge and Fund of Hedge Funds saw the highest number of new launches, while Event Driven strategies attracted the fewest number of new entrants. The average launch size was approximately $30 million. Despite market turbulence, the overall rate of hedge fund attrition rate slowed to -5.95% in 2007 from -8.28% in 2006 and -11.40% in 2005.

Latest News

UBS profit beats estimates as Ermotti sees brighter outlook
UBS profit beats estimates as Ermotti sees brighter outlook

Wealth management unit sees inflows of $23 billion.

Evercore to buy advisory firm Robey Warshaw for $196 million
Evercore to buy advisory firm Robey Warshaw for $196 million

Deal will give US investment bank a foothold in lucrative European market.

Gates and Buffett’s Giving Pledge is 15 years old, but many signatories are richer than ever
Gates and Buffett’s Giving Pledge is 15 years old, but many signatories are richer than ever

New report examines the impact that the initiative has had on philanthropy.

Americans stay the course on 401(k) savings despite inflation fears
Americans stay the course on 401(k) savings despite inflation fears

Few feel confident that they will meet their retirement goals.

What advisors need to know about SECURE 2.0’s impact on retirement income planning
What advisors need to know about SECURE 2.0’s impact on retirement income planning

Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.