Hedge Fund Fees, New Launches Down In 2016

One of the biggest casualties of recent years? hedge fund Launches Certain hedge funds have taken it on the chin in 2016. New data from Hedge Fund Research (HFR) shows new launches down year-over-year amid a higher number of closings and steadily falling hedge fund fee revenue. The moves come as industry capital has risen to record levels, but 2017 could offer brighter prospects for active managers, HFR President Kenneth Heinz predicted. Also see Q3 and Q4 hedge fund letters Fund of funds managers sees consolidation as hedge fund fee revenue continues to drop Total industry assets increased by +3.4%…