New York, July 8, 2008 — The Absolute Return New Funds Survey, published in the July\/August issue of Absolute Return magazine, shows that new hedge fund launches this year in the Americas totaled $19.5 billion, with the top five funds amassing $13.7 billion, for more than 70% of the total. The number of fund launches is down 50% from last year, highlighting the growing barriers to entry for start-up managers and indicating that large capital flows are continuing to go to established, brand-name firms.<\/p>\n
According to Absolute Return, 35 new funds began trading with a total of $19.5 billion between January 1 and June 30, 2008. That’s significantly more capital than in the same period in 2007, when 72 new funds launched with $14 billion. This year, five funds were formed with more than $1 billion each, in contrast to three funds that managed to surpass the billion-dollar mark in last year’s first half. Long\/short equity funds dominated, followed by funds that invest in mortgaged-backed securities and those pursuing distressed strategies.<\/p>\n
The survey also reported that Goldman Sachs Asset Management amassed $8.1 billion of the $19.5 billion total with $7 billion in its Goldman Sachs Investment Partners, an equity long\/short fund, and $1.1 billion in Goldman Mortgage Credit Opportunities. The second-largest launch was Conatus Capital Management’s Conatus Capital Partners fund, which had $2.3 billion. Other sizeable launches included Lone Pine Capital’s $1.8 billion emerging markets fund, Lone Dragon Pine Fund, and Highliner Investment Group’s Alyeska Fund, a market-neutral fund that ended the first half with $1.5 billion. <\/p>\n
Total assets under management in the hedge fund industry are $2.65 trillion, according to HedgeFund Intelligence.<\/p>\n
About Absolute Return<\/p>\n
Absolute Return is the leading source of U.S. hedge fund news and information featuring proprietary data and analysis on more than 3,000 single-manager hedge funds in the Americas. Absolute Return, a monthly magazine, and the Absolute Return Directory and Database, are divisions of HedgeFund Intelligence, a global provider of hedge fund news and data. For more information, please visit www.hedgefundintelligence.com\/ar\/ <\/p>\n","protected":false},"excerpt":{"rendered":"
New York, July 8, 2008 — The Absolute Return New Funds Survey, published in the July\/August issue of Absolute Return magazine, shows that new hedge fund launches this year in the Americas totaled $19.5 billion, with the top five funds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[259,534,803,1358,1354,689,1355,791,1357,101,1356,1353],"class_list":["post-8060","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-banque-syz","tag-biannual-survey","tag-external-managers","tag-investors-fund","tag-key-developments","tag-leaf-tea","tag-michael-parsons","tag-pension-schemes","tag-profile-system","tag-raanan-agus","tag-some-heavy-hitters","tag-vanguard"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8060"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8060\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}