NEW YORK, NY--(Marketwire - June 26, 2008) - Most of the hedge fund noise out of Europe
these days is coming from the U.K., where funds are increasingly keeping
pace with their U.S. cousins. A whopping 39 of the 50 single-manager firms
in Alpha magazine's 2008 Europe Hedge Fund 50 ranking, including seven of
the world's top 25 hedge fund firms, are headquartered in London.
The 50 firms on Alpha's new list control a total of $405.3 billion in
assets, or 20 percent of a global $1.8 trillion industry. In 2004, the
first year the list was compiled, the entire European hedge fund industry
had less than $190 billion in assets.
Four of the top 50 European firms are in Paris, followed by single firms in
Bilboa, Cyprus, Geneva, Moscow, Zurich and on the British isle of Guernsey.
"When we started investing in hedge funds 12 years ago, it was a challenge
to find any really good managers outside the U.S.," says Ibrahim Gharghour,
co-head of hedge funds for Investcorp. "London has matured in terms of
quality of managers, their infrastructure, the depth of market and standard
of people. And now U.S. funds, as they grow, must also have a presence
here."
2008 Rank Firm Firm Capital ($ millions)
1 Barclays Global Investors $26,227
2 GLG Partners $23,900
3 Brevan Howard Asset Mgmt $21,000
4 Man Investments $20,900
5 Lansdowne Partners $18,903
6 BlueBay Asset Mgmt $16,400
7 Sloane Robinson $15,100
8 Marshall Wace $15,019
9 HSBC $13,579
10 The Children's Investment
Fund Mgmt U.K. $13,000
The complete ranking is available online at
www.alphamagazine.com. The list
also appears in the June 2008 issue of Alpha magazine.
Contact Information: Contact Information:
Chris Cavanagh
212-224-3369
chriscavanagh@iimagazine.com