Friday, 21 November 2014
Last updated 8 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...