Brevan Howard Tops Among European Hedge Funds

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of