Hedge fund industry increasingly optimistic about 2011

``Accrding to the survey, two thirds of managers expect to deliver gross returns of 10-15%, while 30% expect to deliver outsized returns of 15% or higher. A majority of managers (56%) plan to maintain current leverage levels, while 33% plan to increase it. In addition, more than half (60%) of the surveyed managers reported plans to increase headcount in 2011, with a focus on investment personnel... The polled investors also reported optimism about the industry with 49% of planning to increase their allocations to hedge funds in 2011, with endowments and foundations, and insurance funds the most likely to increase their allocations (82% in the case of endowments and foundations and 64% in the case of insurance funds).''