Nearly half of hedge fund firms plan on launching a new hedge fund by the end of this year, and hedge fund and liquid alternative assets under management (“AUM”) keep rising, according to a recent study published by PwC and the Alternative Investment Management Association (“AIMA”). This is despite – or in the survey authors’ view, possibly because of – the increasingly stringent regulatory environment that alternative asset managers face. The PwC/AIMA report is based on a mid-year survey of 146 global firms that operate hedge funds, liquid alternatives, or both. The respondents collectively manage around $550 billion in hedge...