The Economist, BI, It’s Never Been Harder To Start A Hedge Fund, here.
Sadly for aspiring plutocrats, it is getting ever harder to launch a fund. Swaggering financiers once joked that launching with less than $1 billion of outside money to invest was hardly worth their time. Debuts that splashy are now notable only for their scarcity.
A new fund typically opens with $50m-100m in assets under management.
Even so, and despite buoyant stockmarkets, the number of launches is declining (see chart)
Pink Iguana 