Thursday, 24 July 2014
Last updated 4 hours ago
Nov 11 2013 | 2:41pm ET
Brevan Howard has surpassed the Man Group as Europe's largest hedge fund manager.
Brevan topped the Hedge Fund Journal's Europe50 listings with assets under management of $40 billion, as of end-September 2013, to the Man Group's $35.6 billion.
BlueCrest Capital Management took third place, with AUM of $34.22 billion; Blackrock was fourth with $28.7 billion; and Winton Capital Management fifth, with $24.8 billion.
Rounding out the top 10 were GAM Holding ($24.1 billion), Brummer and Partners ($16.2 billion), Amundi ($12.45 billion), Lansdowne Partners ($12.32 billion) and Marshall Wace ($10.74 billion).
Founded by Alan Howard in 2002, Brevan Howard has moved up a notch from 2012, when it placed second in the overall listings.
According to HFJ, Europe’s top 50 hedge fund managers together manage assets worth $404.84 billion. The average firm runs $8.1 billion, the median firm runs $5 billion, and don't expect to be included on the list if you don't manage at least $1.5 billion.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…