Absolute Return Ranks Biggest Hedge Fund Launches For H1 2012

New York (HedgeCo.Net) – 33 hedge funds raised $10.4 billion in the first half of the year, Absolute Return reports, that’s half of the amount raised in the first half of 2008.

Some key points include:

·         Half of the total came from a single launch from Renaissance Technologies, which slashed its fees to 1%/10% for the occasion. Second biggest was Todd Kantor’s Encompass, followed by 29-year-old wunderkind Jennifer Fan’s Arbalet Capital.

·         A number of prominent launches from veterans of such firms as Barclays, Goldman, Citadel struggled to raise almost any money beyond what they obtained via seed deals.

·         Former FrontPoint Partners stud Steve Eisman barely broke $50 million.

·         Several big names, including David Greenspan (formerly of Blue Ridge) and Jonathan Lennon (formerly of JAT) are now waiting until 2013 to get off the ground.

Alex Akesson
Editor for HedgeCo.net
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