Brevan Replaces Man As Europe's Biggest HF

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...