New hedge funds: 81 in 2004, 82 in 2005, 86 in 2006

In 2006 86 funds worth $50 mln or more were launched, raising a combined $31 bln, compared to the $34 bln raised in 2005 by 82 new funds. In 2004, 81 new funds raised $40 bln, Absolute Return magazine tells New York Times.