Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brevan Howard gains top spot in European hedge fund rankings

Tuesday, November 12, 2013

Beverly Chandler, Opalesque London:

Europe’s hedge funds are uniquely dynamic according to the latest Europe’s Top 50 survey of Europe's hedge funds ranked by assets under management, from the Hedge Fund Journal and Newedge Alternative Investment Solutions.

While the popular theory is that large hedge funds tend to hog the in-flows of assets and just get bigger, this study reveals that the composition of the top 50 European asset managers by funds under management is not constant year on year.

Five managers in the 2012 Europe 50 failed to make the 2013 ranking, with one of them shutting down, and there were six new names in this list for 2013. The authors comment that with only 39 or the 50 in both years’ surveys, is there any other industry where less than 80% of the top 50 players stay the same from one year to the next?

Beyond the five ejections, 16 funds from the 2012 survey experienced absolute declines in assets. And if you calculate in the fact that many had positive performance, net outflows must have been even bigger than the drop in assets. The authors write: "In several cases it seems that managers of latterly unfashionable strategies – such as emerging markets, CTAs, and event-driven – have seen big outflows, even though many of them not only outperformed peers b......................

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November