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Record hedge fund liquidations in third quarter

liquidationHedge fund liquidations rose in the third quarter of this year while the number of new launches declined, according to Hedge Fund Research.

Despite the quarterly decline, this year is likely to be the best calender year since 2007 in terms of new launches.

“As macro considerations surrounding the European sovereign debt crisis continued to drive financial markets and the resolution of the crisis remained unclear,” the report says.

New hedge fund launches totalled 265 funds in the third quarter, a decline of 15 when compared with the previous quarter, but a modest increase when compared with the same quarter last year.

Meanwhile, hedge fund liquidations rose to 213 funds, an increase of 22 over the prior quarter and 45 over the same quarter last year.

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