Follow
According to the data by firm Hedge Fund Research which was released on Thursday, only a few hedge funds will be opened during the 2014’s 3rd quarter, lesser than any other quarter. For the succeeding 3 months, it has been reported that only 240 of the new funds were launched. Since the last year’s 3rd quarter when approximately 233 new funds were opened for the business, so far, the smallest number of start-ups. On the 2014’s second quarter year to date, it raised 285 new funds. Even though there have been lots of blockbuster names being drawn-out from the former employers, the investors were held responsible for the more slow-moving pace in raising money. The investors claimed that they themselves are having a slow pace in reviewing start-ups, as well as writing them a check.
According to Hedge Fund Research, the assets managed on the third quarter have reached a record of $2.82 trillion. HFR said that in September quarter, approximately 200 hedge funds had shut down, reaching a total number of 957 closures over the last twelve months. However, HFR noted that there was encouraging news, to mention, young managers have the possibility to surpass more experienced firms. During the 3rd quarter, Managers gained at least 0.8 percent. For the first 9 months, managers gained at least 4.7 percent.
