Nobody would claim that 2010 was a great year for hedge funds
By Nick Evans
Nobody would claim that 2010 was a great year for hedge funds. For most managers it was a long, hard slog. Performance was OK 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, almost