Reuters.uk – More than 330 new Europe-based hedge funds raised $27.82 billion (15.87 billion pounds) last year compared with 250 in 2004 who raised $22.79 billion, trade publication EuroHedge said onThursday.
That represents a 32 percent rise in the number of new launches and a 22 percent increase in assets raised.
“The figures … demonstrate that the rate of growth in the industry remains very strong — despite an overall slowdown in the growth of assets flowing into the industry in 2005,” EuroHedge said.
“Although the average size of new funds launched in Europe declined a little in 2005 — to $83 million, from $90 million in 2004 — the year was notable for the large number of large launches.”
