European asset growth slows as Eurozone crisis bites hard in H2
Mon Mar 26, 2012
Assets in European hedge funds remained stable in 2011 in the face of increasingly severe market and macro headwinds – although the Eurozone crisis took its toll in the second half
Assets in European hedge funds continued to grow - albeit very
modestly - in 2011 as a whole, despite the escalating Eurozone
political, economic and financial crisis taking a heavy toll in
the second half of an increasingly difficult year.
That is the core finding of the twice-yearly survey
conducted by the EuroHedge data and research team - which shows
that the total industry assets in Europe stood at $425.2
billion at the start of this year, up fractionally from their
level of $422.8 billion at the end of 2010.
However, what little growth there was in 2011 all came in
the first half of the year - with European assets actually
falling by some 3% from their level of $437.8 billion at the
end of June 2011 as the macro and market headwinds became
increasingly severe in the second half.
Our mid-year survey had showed a rise of some 3.5%...
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