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From Kirsten Bischoff, Opalesque New York:
Perhaps the best visual to describe the state of mind of hedge fund managers who survived 2008 and early 2009 is that of a crew on a ship that has just emerged from violent, stormy seas. While calmer waters lie before them, they are not confident yet it that the tranquil ocean they see stretches out to the horizon. Instead they wait, and worry that the calm may just be the eye of the storm and the back wall of a roaring hurricane still waits.
International leadership advisory firm Heidrick & Struggles last week expressed their long-term bullish outlook on the hedge fund industry with the announcement that they were launching a hedge fund leadership team to focus on hiring growth in the industry.
The firm’s 2010 Hedge Fund Industry Trends report, published on Tuesday, lends some insight as to their long-term confidence in the industry. However, it also indicates that any recovery period hedge funds are in, will be very long and drawn out.
The list of positive changes in the hedge fund industry cited by the report is quite lengthy and includes strengthening through consolidation, the build out of infrastructures, launch and startup activity, seeding and incubation opportunities, and the creation of new, innovative...................... To view our full article Click here
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