(CNBC) Hedge fund liquidations in 2016 are on track to hit the highest number since the financial crisis, while launches during the third quarter slumped to lows not seen since the first quarter of 2009, according to data from Hedge Fund Research (HFR).
Despite the overall number of hedge funds tumbling to 9,925 by the end of September – the first time it has fallen below 10,000 since 2014 – the total amount of funds under management has jumped to a record high of $2.979 trillion dollars as positive performance has more than compensated for net investor outflows in recent months.
