Hound Partners, Three Bays, Rail Splitter Kick Off 2014 With Launches

These managers are among those launching new funds in a banner year for high-caliber debuts.

This might turn out to be a banner year for hedge fund startups. While new fund launches trailed off in the fourth quarter of 2013, that may have been just a lull before the pace picks up in 2014. Several funds that appeared ready to launch at the end of 2013 made their debuts in January, 2014.

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