Monday, 27 February 2017
Last updated 2 days ago
Feb 18 2014 | 11:13am ET
Brevan Howard Asset Management remains the most profitable European hedge fund in history, according to new rankings from LCH Investments.
Brevan's flagship fund has generated US$17 billion in gains for investors since its debut 11 years ago, more than any other European hedge fund. The firm, which also won the top spot for 2012, the first time LCH published a ranking of European hedge funds, retained the top spot in spite of returning just 2.6% last year.
The second-place hedge fund, Lansdowne Partners, has earned clients less than half Brevan's total since inception, US$8.2 billion. The firm beat out last year's number two, Egerton Capital, which has generated US$8.1 billion in gains during its lifetime, including US$2.8 billion last year.
The Children's Investment Fund rode a 47% return last year—generating US$2.4 billion in gains—to fourth place, with US$6.7 billion in gains since its launch 10 years ago. Marshall Wace Asset Management broke into the top five last year with gains of US$1.4 billion.
LCH said last week that Soros Fund Management's Quantum Endowment Fund has earned more for clients than any other hedge fund in history, with $39.6 billion in profits over the past 40 years.