EUROPE: It’s all about performance – and investors need it badly this year
Mon Apr 16, 2012
It is not all doom and gloom. There are plenty of bright spots too – and 2012 has begun on an altogether different note from the bleak pessimism and extreme market volatility of the second half of 2011
DATA INCLUDES: European hedge funds at a glance, assets, new funds, median performance
Nick Evans, editor, EuroHedge
In most respects, 2011 was a disappointing year for European
hedge funds - and one that makes it all the more pressing that
managers do not just deliver a good year for investors in 2012,
but a very good one.
Performance was generally lacklustre in 2011 - albeit in the
face of very tricky and turbulent macro-driven and
politics-dominated markets - and very much less good than
investors had been expecting at the outset of the year.
Although there were many notable performers in a year that
turned increasingly treacherous, there were also many poor
performances. More than a few managers (including some top
names) underperformed the markets by a substantial margin, with
several well-known firms delivering big drawdowns in a year
when conditions - although unquestionably challenging - were
frankly nowhere near as bad as in 2008.
Overall asset growth in the industry was also weaker than
might have been...
ISSN: 2151-1845 / CDC10004H
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