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,...