Hedge fund closures still outpace launches

The hedge fund industry continues to shrink — though the pace is slowing a bit, according to the latest report from Hedge Fund Research Inc.

During the three-month period ended June 30, the industry saw 182 launches and 292 liquidations, a net decrease of 110 funds.

The number of hedge funds fell to 8,946, according to Hedge Fund Research, which calculated the attrition rate at 3.2% for the second quarter and 4% for the first quarter.

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