Thu, Sep 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Forensic examination reveals surprising insights into the UK’s hedge fund industry

Friday, December 14, 2012

By Beverly Chandler, Opalesque London:

A new hedge fund research consultancy Hedge Forensics, has published the first of two planned reports covering the UK hedge fund industry.

The UK Hedge Fund Industry Report reveals new insights into the size of the industry and its impact on the UK economy, while the Top 200 Report lists the top 200 hedge fund firms, ranked on a combination of size, profitability, efficiency, balance sheet, pay and growth.

Hedge Forensics’ Crosley Williams explains that these reports have been sourced primarily from UK Companies House filings, with the Hedge Forensics research team scouring over 1000 sets of company accounts to extract the information. The report gives a better picture of profitability on a comparable basis, Williams says. "The task has been complicated by firms changing year-ends, different lengths of accounting periods, different currencies, and most difficult of all, the use of complicated corporate structures, with Limited Liability Partnerships having Limited Service Companies as corporate members – the team has then had to create a pro-forma consolidated set of accounts in order to derive an accurate profit estimate."

Data for the UK industry report has been compiled from an analysis of the top 250 hedge fund firms in London. Williams reports: "They have a combined turnover of over £7bn ($11.28bn) and pretax profits of over £3bn ($4.83bn). They employ 8262 people, a l......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style