Tuesday, 30 September 2014
Last updated 55 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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