The number of equity mandates awarded by global professional services company Towers Watson’s clients worldwide in 2010 increased by over 30% from 2009, while the number of hedge fund mandates grew by 50% during the same period. At the same time, the number of bond mandates fell by 30%, with U.S. and European bonds showing the most significant fall in demand from the previous year. Private markets attracted significantly more interest from investors in 2010 than in 2009, with the number of mandates growing 73%, led by renewed interest in direct real estate and distressed debt.