Hedge fund launch-closure ratio “heavily skewed the wrong way”, says Sandbar CEO James Orme-Smith Submitted By Hugh Leask | 13/11/2020 - 2:24pm The number of hedge fund launches compared with closures is “heavily skewed the wrong way”, says James Orme-Smith, CEO of Sandbar Asset Management, but he indicated that emerging managers can still overcome the sizeable barriers to entry. “For anyone to start their own hedge fund, capital has become the oxygen more than anything else, and has become even more important than it ever was,” Orme-Smith said during the concluding panel of this year’s Hedgeweek LIVE Europe summit.