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By Beverly Chandler, Opalesque London:

Hedge Fund Research's (HFR) final figures for 2010 show that the year concluded with the largest quarterly increase in assets in its history, with assets under management up to $1.917tln reflecting a quarterly increase of nearly US$ 149 bn, beating a previous peak of $140bn in the second quarter of 2007.

The fourth quarter showed momentum increasing in asset raising with US$ 13bn in net new capital, in addition to US$ 19 bn from the previous quarter. Source

These inflows brought the total full year 2010 net inflows to $ 55.5bn.

Commenting on the news, John McCann, managing director of Trinity Fund Administration in Ireland said: "After the summer, we started to see a lot of news that inflows were higher than they had been for three or four years."

McCann charts the recovery from the darkest period at the end of 2008, when the effects of the financial crisis hit and were compounded by the Madoff affair, concerns over sovereign debt and regulatory upheaval with what he describes as "two years of incredibly challenging regulatory change with the AIFMD."

"All of this impacted but the financial capital system didn't end and other markets didn't suffer at all" he said.

Hedge funds' performance over that period has led to this apparent recovery, he believes. "I think that i......................

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