Man Reclaims Top Spot Among Largest European Hedge Funds

Aug 1 2011 | 1:47pm ET

The Man Group is back on top of the list of Europe's largest hedge fund managers.

The London-based firm manages some US$34.1 billion, according to the Hedge Fund Journal's sixth-annual ranking of the top 50 European hedge funds, thanks to its acquisition of GLG Partners last year.

Despite that huge deal, Man took first only by a hair: BlackRock's single-manager hedge fund and UCITS-compliant fund assets totaled US$34 billion. That was followed by Brevan Howard Asset Management, Europe's biggest hedge fund in 2009 and last year, with US$32.1 billion.

BlueCrest Capital Management held on to fourth place with US$26.8 billion, a 31% increase year-on-year. Winton Capital did even better to rise to fifth place, with assets jumping 64% to US$22.4 billion.

All told, Europe's five biggest hedge funds manage 40% of the top 50's total assets and together manage 38% more than the top five last year. By contrast, the bottom 10 firms in the ranking saw their assets rise just 6% to a combined US$15 billion.

All told, the Europe50 manage US$374 billion, up 26% from last year and breaking the combined assets record set in 2008.

The Europe50 survey was conducted in conjunction with Newedge.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...