Apr
13
New hedge funds net most cash since 2004
ByGetty Images
Hungry for returns, investors are giving more new hedge funds a test drive.
Funds based in the Americas that launched in 2014 pulled in $34.1 billion, the highest annual total since $39.5 billion was raised in 2004, according to new research from industry news and data providerAbsolute Return. The money was spread out over 84 new funds running at least $50 million, the largest total since 86 of the same minimum size were formed in 2006…