HEDGE FLOW-New hedge funds struggle while established players raise fees to record highs, Goldman says

Investments to new hedge funds in 2023 fell to new lows, while established hedge funds hiked fees to the highest on record, said a client report by Goldman Sachs dated Friday and seen by Reuters on Monday. This illustrates a growing bias towards established and bigger hedge funds that average higher returns for their investors, said Goldman Sachs. Hedge fund launches fell in Europe and the Asia Pacific region by 6% and 8% while rising 14% in the U.S. But Goldman Sachs still maintained that 2023 marked a second consecutive record low for new launches by hedge funds that it tracks.