Almost 120 hedge funds were launched in Q3 2016, with single-managers dominating new entrants to the market, according to data and intelligence provider Preqin.

Single-manager hedge funds accounted for the vast majority of launches in Q3 2016, rising from 71 percent to 86 percent sequentially.

UCITS funds and funds of hedge funds saw substantial decreases in launches, reported Preqin, with their share of incepted vehicles more than halving compared with Q2 2016.

Hedge fund managers in North America dominated new launches in Q3 2016 with a 12-month high of 76 percent of vehicles brought to market. Managers in Europe accounted for a fifth of funds launched.

Asia Pacific managers struggled in Q3 2016 with their share in launches remaining at 3 percent over the past two quarters and below the 12 percent seen in Q3 2015.

Preqin noted a similar trend in the proportion of new hedge funds that consider the Asia Pacific as their preferred investment target.

Only 1 percent of new funds tracked over Q3 2016 focused on the region, which was down from 9 percent sequentially.

← Previous fund services article

Q3 brings record AUM for BNP Paribas

Next fund services article →

BNY Mellon sees boost in servicing fees

Subscribe today

Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Glossary terms in this article
→ Hedge

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →