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Lamp Capital's Pratt Talks Start-Up Challenges

The hedge fund industry saw assets under management hit a record $3.15trillion at the end of September this year, according to Hedge Fund Research. The figure was up $50billion on the previous quarter and the fifth consecutive quarterly record. The average hedge fund was also up 5.4% at the end of August and in the first half of this year only 481 hedge funds shut down compared with 530 funds in the same time period last year. This backdrop is a positive place to launch a new hedge fund, which Sebastien Pratt, founder and CEO of LAMP Capital will do in the...