Sixteen alternative mutual funds launched in the first half, about 1.5% of all hedge fund rollouts this year, according to a new report from alternatives data provider Preqin.
This appears to be a relatively slow start for the alternative products. Last year, 71 funds appeared on the market, roughly 7% of all hedge fund launches.
Indeed, alternative mutual funds have come on strong in this decade, jumping from 34 launches in 2011 to 54 in 2012 and 56 in 2013.
This year, 33% of the new alternative mutual funds offer equity strategies, down from 39% in 2014, according to Preqin.