Hedge fund launches are growing in size and number after months of subdued activity in the wake of the collapse of Lehman Brothers last year.
The revival of fund start-ups is one of the clearest signs yet that the $1,400bn global hedge fund industry is starting to return to better times.
London-based Tyrus yesterday became the largest fund to launch so far this year. According to people close to the company, investors placed about $800m with it before the cut-off for initial subscriptions closed on Friday. The fund is expected to raise a further $300m before the end of the year.
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