Mon, May 28, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Journal's Europe 50 published

Monday, September 03, 2012
Opalesque Industry Update - Hedge Fund Journal has published the 7th Edition of its Europe 50, in association with Newedge Alternative Investment Solutions. The survey lists the leading European hedge fund managers ranked by single manager assets at 30 June 2012.

Unsurprisingly, the growth in hedge fund assets has occurred mainly in commodity trading, global macro and relative value strategies. Yet some big onshore managers operating in multi-strategy as well as in long/short equity have also made a major impact on asset levels. The result is that the total assets under management of the Europe 50 firms rose over 7% to $414 billion, up from $385 billion in our mid-year 2011 survey. This is another record for the Europe 50 and takes their total AUM further along from the early 2008 pre-crisis peak of $366 billion.

Man Investments again took the top slot with $41.4 billion in AUM at 30 June, 2012 across its range of single manager funds, representing a jump of 21% from the $34.1 billion a year earlier. Much of Man’s gain reflected a jump in managed account assets to $7.6 billion from $1.4 billion. Moving up to the number two slot is Brevan Howard with AUM of $36.7 billion, up a healthy 14% from the 30 June 2011 AUM of $32.1 billion. The Brevan Howard Multi-Strategy Master Fund nearly quadrupled AUM to $3.35 billion over the year, while the Brevan Howard Master Fund gained over $2 billion in assets owing to its resilient investment performance in 2011 under the aegis of Alan Howard.

Moving up one position to third in the Europe 50 is BlueCrest Capital Management where AUM grew 16% to $31.1 billion from $26.8 billion a year earlier. BlueCrest added capital in both its discretionary funds overseen my Mike Platt and in its systematic funds managed by Leda Braga. Moving further up the table, from fifth to fourth, is Winton Capital Management with a 27% rise in AUM to $28.5 billion from $22.4 billion. Meanwhile, Standard Life Investments recorded the biggest jump in terms of funds managed with AUM more than doubling to $27.3 billion, a performance that took the firm to fifth overall, up from ninth a year ago.

The gains of the top five funds took their AUM to $165 billion, accounting for 40% of the total assets managed by Europe 50 firms compared with 38% last year. Greater concentration of assets among the top five is a trend that continues unabated. Only two years ago they managed just $108 billion.

A very big splash for a new entrant is made by Cantab Capital Partners, the Cambridge-based global systematic manager founded in 2006. It enters the Europe 50 ranked thirty-second as assets grew sharply to $3.1 billion. Capula edges into ninth as assets rose to $13 billion from $8.6 billion, while Paris-based CTA Capital Fund Management moves up to twenty first from thirty fourth, with AUM rising to $5.8 billion. You can access the Europe 50 report here.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven