New hedge funds are not being seeded as before and are not offering founders’ share classes at the same rate as in years past, according to The Seward & Kissel 2019 New Hedge Fund Study.
The law firm analyzed the new fund launches of its own clients in 2019 to find that only 44% of new hedge funds offered founders’ classes, which is down from 57% in 2018 and 68% in 2017.
“The decreases in founders’ classes was a bit surprising,” commented Steve Nadel, the lead author of the firm’s study. “Factors at play . . .
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