Hedge-fund growth slows
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From Times Wire Services
The number of hedge funds grew last year at the slowest pace since 2001, Hedge Fund Research Inc. reported.
Last year 1,152 hedge funds were launched and 563 funds were liquidated, for a net increase of 589 funds, the Chicago-based research firm reported.
The net increase was down from 801 funds the year before and the fewest since 2001, when 581 net new funds were started.
The average size of hedge funds created last year was $30 million.
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