Since the 1990s, hedge funds have risen to become the juggernauts of the investing world, and now new firms are springing up at a rate unseen for a decade.
At least five new funds, managing $ 1 billion or more each, will open in 2015. Last year, there were eight in total.
Bloomberg’s Katherine Burton and Simone Foxman highlighted this year’s five new firms, which include:
NOW WATCH: WATCH: A Robotic Surgeon Cuts Off A Tumor