US hedge fund launches continue to surge

Redemption terms tighten with most offering quarterly liquidity

rocketlawyer
Less than half of fund launches in 2013 attracted seed capital

While European hedge fund launches were in the doldrums in 2013, the US market saw a healthy year-on-year growth of 10% with the majority (65%) opting for equity or equity-related strategies, according to a survey by US law firm Seward & Kissel. 

This was not a “huge shift” compared with the last four to five years, according to Steve Nadel, partner and co-head of the firm’s investment management practice and lead author of New Hedge Fund Study. He thinks the popularity of equity strategies is s

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