New hedge fund launches totaled 240 in the third quarter of 2014, the lowest since the third quarter a year ago, according to a release by Hedge Fund Research.
An estimated 153 net new hedge funds were launched through the first three quarters of 2014 (814 new launches vs. 661 liquidations).
HFR said 957 funds liquidated over the last four quarters – the highest total since 2009 when 1,023 funds closed up shop. However, on a calendar-year basis, liquidations are actually on pace to be slightly lower than 2013 and only marginally higher than 2012.
156 net new funds were launched in 2013 (1,060 launches and 904 liquidations).