Performance

Industry recovery quickens as 2010 finishes on a high

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The European hedge fund industry has started the new year in buoyant form, capitalising on the strong performance in December and a sharp revival in investor confidence.

Managers report a significant pick-up in investor inflows in the last few weeks – both in ‘micro’ areas such as event-driven, long/short equity and credit as well as in macro discretionary and systematic trading strategies – with allocations from a wide range of investors picking up speed across the board to larger and smaller funds alike.

Performance in the first weeks of the year has also started well, following an impressive