(Reuters) – Opening a hedge fund is easier now than it has been in years, but keeping it open is a lot tougher, data released on Thursday show.
During the first quarter, 298 new hedge funds opened their doors for business, the largest number of launches since before the financial crisis, performance and asset tracker Hedge Fund Research reported.
In the first quarter of 2010, 254 new hedge funds opened for business, while 220 opened during the 2010 fourth quarter.
During the January-March period, 181 hedge funds went out of business, the highest level of liquidations since the first quarter of 2010, HFR said. In the same quarter a year earlier, 240 funds shut down, while 158 closed during the fourth quarter of 2010.