Friday, 24 March 2017
Last updated 3 hours ago
Mar 18 2009 | 3:21am ET
Last year’s economic cataclysm has reshaped the rankings of the top hedge fund managers in Europe.
Brevan Howard Asset Management took the top spot in Hedge Fund Journal’s annual league tables, displacing GLG Partners. Amidst disastrous performance and huge redemptions suffered by other hedge fund managers, London-based Brevan actually managed to increase its assets under management by almost 28%, to US$23.9 billion. Brevan’s London neighbors GLG, by contrast, saw its assets plummet by 37% to US$15 billion, leaving it in fourth place.
All told, the top 50 European hedge fund managers saw their total assets under management fall 26% to US$271 billion.
Man Investments held onto second place, and Barclays Global Investors rose from fourth place into third place, according to the magazine. The top five were rounded out by Winton Capital Management, which saw its assets increase marginally to US$13 billion, good enough to jump from 10th place.
Other major movers included Robeco’s Transtrend, which soared from 28th place last year to 10th place this year.