As service providers anecdotally report new capital inflows and new hedge fund launches, the industry seems to be kicking off the New Year on a high note.
New hedge fund launches increased to the highest level in five quarters in the third quarter of 2020, according to industry data provider HFR. Officials said that the rise comes as managers and investors are positioned for performance gains and capital growth.
Prominent hedge funds such as Bill Ackman’s Pershing Square reported gains topping 60%, making 2020 a blockbuster year for his investors, especially those in his . . .
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