Seward & Kissel LLP recently published the 2013 edition of its annual study of new hedge fund launches.  The 2013 study covered hedge funds newly formed during 2013 by new U.S.-based managers that are Seward clients.  The study collected and presented data on trends in investment strategies, incentive fees, management fees, lockups, founder share classes, liquidity, structuring, minimum investments, general solicitation, and founder and seed capital.  This article highlights the main conclusions of the study.  The HFLR previously covered the 2012 and 2011 versions of Seward’s study.