What to make of the hedge fund launch market in 2024? Headline numbers have been mixed, with Preqin noting the lowest number of launches since 2000. But net new launch numbers are in positive territory for the second year running, according to HFR.
“The trend of platforms allocating to external funds, often straight after they have spun out, continues to re-shape the industry,” explains Jon Caplis, founder of PivotalPath, the New York-based hedge fund research firm.