Not too long ago, we started to think about hedge fund start-ups (hedge fund news) as similar to Silicon Valley start-ups. A few smart guys with a bank of computers and seed money from a rich uncle were all it took. So it seemed. The reality was always different from the lore. A lot of those garage start-ups were calculated PR ploys. But there are signs that the hedge funds start-ups are back.

Fund launches have escalated compared with last year, with the biggest 43 funds garnering $10.9 billion. The number of new funds to roll out in the first half of the year also more than doubled, according to a survey by AR, which has tracked fund launches since 2004. At least 43 funds with $25 million or more under management started up in the first half of the year, up from 21 from last year.

True, we are bouncing of historic lows set in 2009. But people seem to be counting on more launches soon, according to a recent survey by Rothstein Kass.

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