Hedge fund industry assets rose 1.7% to a new industry high — $2.415 trillion — in the quarter ended June 30, according to just-released data from industry tracker Hedge Fund Research.
For the six months ended June 30, aggregate hedge fund industry assets rose 7.2%, HFR reported.
Aggregate hedge funds-of-funds assets suffered a slight decline of 0.5% to $648 billion in the three months ended June 30, but were up 1.5% since year-end 2012.
There were 288 new hedge funds launched in the second quarter, down from 297 in the first quarter, but up from 245 launches in the second quarter 2012. HFR noted that 190 hedge funds liquidated in the second quarter, down from 196 in the first quarter this year, and also fewer than the 192 funds that went out of business in the second quarter 2012.
Active hedge funds and hedge funds of funds totaled 10,009 as of June 30, a five-year high, HFR said in a report on the data, noting that fund numbers are approaching the all-time industry high of 10,233 funds in second quarter 2008.