Monday, May 27, 2024

Hedge fund launches bounce back in Q2

Hedge fund launches outpaced closures in Q2 for the first time in more than a year, as start-ups with a multi-strat heritage helped drive a recovery in numbers.

There were 133 new funds launched and 109 closed in Q2, according to new data from HFR. The number of start-ups represents a 34% increase on the 99 which started in the first quarter.

Monitor hedge fund launches using AFI’s exclusive tracker here.

There was a notable increase in fixed-income based relative value arbitrage strategies, including large credit multi-strategy funds, from 13 in Q1 to an estimated 51.

“Through mid-year the focus of new launches and expansion of established funds was driven by demand to enhance and add inflation trading teams and exposures, with increased competition for these highly specialized teams driven by interest from multi-strategy funds looking to increase exposures and offerings in this area,” said HFR’s Ken Heinz.

Access AFI’s latest quarterly report here, with more on the multi-strat heritage driving recent start-ups