Hedge fund start ups rebound

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Last year proved to be banner year for hedge fund launches, according to Absolute Return, It notes that 71 new funds were launched in 2012, the highest total since 2007, when 81 funds were launched. The funds launched with nearly $25 billion in AUM, compared with $31 billion in 2007. Two new funds launched with more than $1 billion right out of the gate. The launches coincided with a generally tough market climate for hedge funds, making the totals all the more impressive. Article