A new survey by Barclays Capital suggests that hedge fund managers and investors are increasingly optimistic for the industry in 2011. It showed bullish expectations for returns and allocations, as well as anticipation of increased hiring and an uptick in new launches.
The survey was conducted at BarCap’s inaugural Hedge Fund Symposium in New York. Respondents included 275 investors, representing combined hedge fund assets of $880 billion, and 200 hedge fund managers running $225 billion between them.
Two-thirds of managers expected to deliver gross returns of 10-15%, while around 30% expected to deliver 15% or higher. Most managers (56%)