New hedge fund launches lag, hit 10-year lows

Asia accounts for 13% of the 604 new hedge fund launches globally this year, with the latest crop of emerging managers rolling out in a tougher fund-raising environment for start-ups, according to new Preqin research. North America makes up the majority of new fund launches this year, accounting for 70%, with Europe second at 16%. The global total for 2013 is set to be the lowest number in a decade, following last year’s 966 launches and 1,067 in 2011. In Asia, new regulations, …