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New hedge fund launches set to hit 24-year low, Preqin says

Published by Global Banking & Finance Review

Posted on December 11, 2024

1 min read

· Last updated: January 27, 2026

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Hedge Fund Launches in 2024 Reach Lowest Point in 24 Years

LONDON (Reuters) - New hedge fund launches will 'likely' end the year at their lowest in 24 years amid tough fundraising conditions, hedge fund research firm Preqin said on Wednesday, based on numbers from the first three quarters of this year.

By the third quarter of 2024, hedge fund managers opened 123 new funds, the lowest number since at least 2000 when total launches reached 191, Preqin said. Hedge fund debuts peaked at 697 in 2017, according to its data.

Most of this year's new funds aim to trade stocks, said the research firm.

(Reporting by Nell Mackenzie; Editing by Amanda Cooper)

Key Takeaways

  • Hedge fund launches in 2024 are at a 24-year low.
  • Only 123 new hedge funds opened by Q3 2024.
  • 2017 saw a peak of 697 hedge fund launches.
  • Most new funds are focused on trading stocks.
  • Preqin provides the data and analysis.

Frequently Asked Questions

What is the main topic?
The main topic is the decline in new hedge fund launches in 2024, reaching a 24-year low due to challenging fundraising conditions.
Why are hedge fund launches declining?
Hedge fund launches are declining due to tough fundraising conditions, making it difficult for new funds to start.
What type of funds are being launched?
Most of the new hedge funds launched in 2024 are focused on trading stocks.

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