Nick Evans, editor, EuroHedge
After the pain and panic of 2008, the European hedge fund industry needed a good year of recovery and rehabilitation in 2009. And that is exactly what it got. Performance was the best for several years. Assets started to flow back into the industry from a wide range of institutional and private investors, albeit after a very significant decline, with inflows accelerating into 2010.
The flow of new funds started to pick up too, albeit from record low levels, with some big new launches emerging in the closing weeks of last year and a number of significant new entries lined up for the early part of this year too.
And President Obama's announcement in January of the new Volcker rule in the US, banning deposit-taking banks from proprietary trading and from owning, investing in or sponsoring hedge funds and private equity funds, could provide another fillip...