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From Kirsten Bischoff, Opalesque New York:

Managers around the globe welcomed the optimistic news of industry growth last week when Credit Suisse announced it expects up to a 25% increase in hedge fund assets this year – with a chance at closing out 2010 near $2tln.

The roller coaster that began in 2008 with a drop of 36.1% (as per PerTrac) followed by 2009’s 5% gain (driven largely by performance that countered ongoing redemptions) seems to be slowly easing, and assets across the industry have stabilized.

However, current asset growth is mainly being seen in larger, established firms which have pre-existing platforms with solid, institutional frameworks, says Jayesh Punater, CEO of New York based technology firm Gravitas Technology.

These firms are already gearing up to take advantage of the expected inflows and making new hires, increasing spending on technology and other infrastructure build-outs, and initiating pre-launch activities for new products.

New York-based executive recruitment firm Glocap has seen an increase in hiring across funds of all sizes, in both investment and non-investment positions, a trend that started in November 2009 and has maintained a steady pace. “Hiring is a combination of need and confidence and while the need has persisted even throughout the downturn, until the confidence picked up after a successful 2009, most funds weren’t acting on their nee......................

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