We can be optimistic the industry will be stronger and more dynamic in the future.
By Neil Wilson
Ever since hedge funds took off in Europe in the late 1990s, new funds have been a driving force, arguably the lifeblood of the industry. And for many years, the numbers of new funds just kept on rising. That was until 2007, when the icy grip of the credit crunch first began to take hold. Then, for the next three years, the numbers of new funds launched in Europe—and the assets they raised—kept dropping sharply.
During 2010, perhaps we finally turned the page on the financial