Reuters- Fewer hedge funds were launched last year than in 2006, according to new data released on Wednesday that seems to suggest it is getting increasingly difficult to start these loosely regulated portfolios.
Data compiled by Hedge Fund Research, which also tracks returns in the $1.8 trillion hedge fund industry, show that 1,152 new funds were launched in 2007 after 1,518 were set up in 2006.
As hedge funds become more popular with big investors like pension funds these investors often want to put their money with large operations that manage billions of dollars, making it more difficult for smaller funds to break in.
