(Reuters) More hedge funds closed their doors than opened up in 2017, according to global research released on Friday, but the pace of liquidations slowed as the industry attracted fresh cash. Last year 784 funds went out of business compared with 735 that launched, data from Hedge Fund Research showed. Common reasons for funds to close are poor performance and difficulty raising funds. This marks some good news for the $3.2 trillion industry after 1,057 funds shut down in 2016, marking the biggest number of liquidations since the financial crisis. Last year’s fund liquidations were the lowest for a calendar year since 2011 when 775 funds shut down.
More Hedge Funds Closed Than Started Globally in 2017
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