Fewer hedge funds, but assets still growing

Macro, managed futures funds see outflows as returns lag

Three shrubs in a row each larger than the other

A review of data from 11 commercial hedge fund databases shows the number of active and reporting hedge funds fell to 7,524 in 2013 from 8,013 in 2012 – a drop of around 6%.

Numerous factors can cause declines – the most prevalent being the real-time realisation of terminating funds versus the delay in new fund launches reporting to commercial datasets.

Declines in the number of funds reporting were more pronounced, on a relative basis, for commodity trading advisers (CTAs)/managed futures funds