The Man Group may have hit on hard times, but its GLG Partners unit is as well-regarded as ever.
GLG, which Man bought in 2010, was named the leading pan-European hedge fund in this year's Thomson Reuters Extel Survey of corporates and brokers. GLG knocked last year's winner, Tudor Investment Corp.'s European unit, into second place.
Paris-based Exane Asset Management was third, up from 10th last year. Och-Ziff Capital Management and Cygnus Asset Management, second and third in last year's Extel survy, fell out of the top three this year.
This year has seen something of a shakeup at the top of the Extel surveys, with GLG ousting Tudor and Bank of America Merrill Lynch toppling UBS as leading pan-European brokerage for equity research. UBS had won that top spot for 12 straight years.