Single-managers up but APAC drops
26 October 2016 New York
Image: Shutterstock
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.
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.
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