Alpha Magazine Unveils Europe's Top 50 Hedge Fund Firms
May 26 2009 - 11:00PM
Marketwired
Alpha's announcement of the 2009 Europe Hedge Fund 50 shows that
Europe was not immune to investor angst over hedge funds. A wave of
investor withdrawals shapes the magazine's annual ranking of the 50
biggest European single-manager hedge fund firms, as total assets
fell to $285 billion as of January 1, 2009, from $405 billion a
year earlier, a 30 percent drop.
Europe's hedge fund business may be looking at an encouraging
longer-term picture, however. The region boasts five of the world's
20 biggest hedge fund firms -- led by two London-based powerhouses,
Brevan Howard Asset Management and Man Investments.
Brevan Howard's total assets surged from $21 billion at the end
of 2007 to $26.8 billion when this year began, elevating the firm
from third to first in Alpha's 2009 Europe Hedge Fund 50. Man
Investments had a similarly strong year; its overall assets grew
from $20.9 billion to $24.4 billion, lifting the firm two rungs to
second place.
The two top European hedge fund firms in last year's ranking
have been taken down a few notches. Barclays Global Investors falls
from No. 1 to No. 3, and GLG Partners drops from No. 2 to No. 8;
the firms saw their assets drop, respectively, 35 percent and 52
percent.
Alpha's Europe Hedge Fund Top 5
Rank Firm Total Capital ($ millions)
1 Brevan Howard Asset Management $26,840
2 Man Investments 24,400
3 Barclays Global Investors 17,000
4 BlueBay Asset Management 16,700
5 Bluecrest Capital Management 13,273
Click on Alpha's 2009 Europe Hedge Fund 50 to view the complete
rankings of all 50 firms, as well as performance and asset size
information for their funds, or visit www.alphamagazine.com.
How the Ranking Was Compiled
For Alpha's 2009 Europe Hedge Fund 50, data was gathered through
questionnaires completed by hedge fund managers, supplemented by
extensive Alpha staff research. We provide each manager's total
assets under management as of January 1, 2009, unless otherwise
indicated. Where possible, we also show assets at the individual
fund level, with 2008 net returns, for the five biggest funds run
by a firm.
Contact: Michael Peltz mpeltz@iimagazine.com (212) 224-3152