Other Voices: Hedge fund launches in 2021: obstacles and opportunities Tuesday, February 23, 2021
By Aaron Steinberg, Head of Prime Services Sales and Relationship Management at BNY Mellon Pershing
There were 42 launches in Q3 of 2020-the lowest of any fiscal quarter of the last five years-and of those launches, very few had a sizeable AuM. However, according to new research by HFM, almost three in five investors view hedge funds more favorably than before the pandemic-a higher figure than any other asset class. The same report shows that 76% of investors feel hedge funds are delivering value for money during these exceptionally challenging times. Growing consensus dictates that as a response to 2020 s volatility, institutions are expected to implement or even increase allocations to hedge funds as a source of downside protection.