Nick Evans, editor, EuroHedge
Last year was by no means a vintage year for European hedge
funds. But the industry’s recovery is gaining
strength fast and the stage looks set for continued growth and
revival in 2011.
Performance was generally satisfactory in what turned out to
be a tough and volatile year – exceptional in a few
cases, mediocre in many and fairly unexciting for the most
part. Asset-raising was still a struggle for all but a few
– with the concentration of assets by risk-averse
investors into the brand-name managers creating an increasingly
bifurcated situation whereby a handful of top funds were able
to close again while the vast majority of smaller operations
found capital inflows very hard to come by, irrespective of
And the macro outlook continued to offer no shortage of
causes for concern,...