Like two ships passing in the night, investors and managers did not seem on track to navigate shared success in 2010. And, although the groundswell of mandates most managers expected did not reach the record levels seen in 2007, prior to the credit crunch and Madoff scandal in 2008, there are plenty of reasons why mandate activity in 2011 will remain brisk.
Susan Barreto, deputy editor, InvestHedge
Statistics from last year reveal a significant uptake in interest in hedge funds and indicate that 2011 should prove to be a rewarding year. In 2010, InvestHedge tracked $22 billion in searches while actual mandates actually totalled $12 billion. Nevertheless, this represented three times the new mandates awarded in 2009.
Most hedge fund managers are keen to finally enjoy the benefits of the lower fee negotiation and greater transparency initiatives...