Fund Capital Raising is Up
***** Quick Reminder, Next IvyPlus Fund Business Development Seminar is October 6th in midtown Manhattan. http://bit.ly/nUGvs *********
Many new fund launches in the last few weeks. This will be covered in a post on Wednesday.
Here is a quick run down on trends in fund raising. You can find out more on October 6th at our Fund Business Development Seminar/Cram Session.
FinAlternatives announces that hedge fund capital inflows are up $20 billion last month. As a result of investment gains industry assets are near $1.9 trillion. http://bit.ly/1H5RJW
The Wall Street Journal announces that Deutsche Bank and Credit Suisse Bank are increasing their staff in servicing Asia Hedge Funds and new U.S. launches. http://bit.ly/Jjesb
Hedge Fund Research (HFR) reports that the number of funds closing down has slowed, though we expect a spike at the end of 2009 / beginning of 2010. Almost 300 firms shut down in the second quarter. There were 182 new fund launches in the same period as the gap between closing and new funds is closing. http://bit.ly/3bzdjE
The Wall Street Journal reports that second quarter hedge fund outflows fell 61% from the first quarter . http://bit.ly/neiAP
Meanwhile, DE Shaw has announced that it is opening offices in Dubai to help with its capital raising efforts. http://bit.ly/l1uVN
Likewise, Martin Currie hedge fund claims that hedge fund inflows are accelerating. http://bit.ly/jkdEh
***** Quick Reminder, Next IvyPlus Fund Business Development Seminar is October 6th in midtown Manhattan. http://bit.ly/nUGvs *********
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