Europe’s top managers see their assets balloon

Investors have sought the shelter of large firms since the start of the credit crunch, writes David Walker.

All but one of Europe’s largest 10 hedge fund management firms increased the assets they managed in the 12 months to the end of June, but the rankings by size changed as investors favoured certain managers, according to analysis by Financial News/Wealth-Bulletin.

Europe’s 10 largest firms manage between them about 70% of the assets in European hedge funds, which in aggregate run about 30% of the hedge fund industry’s assets.

Concentration of assets in the largest managers in Europe reflects the wider industry. Promotional body International Financial Services London estimated in July that the world’s largest 100 hedge funds held 75% of assets in the industry, up from 54% in 2003 (Read more..)


Source :Wealth Bulletin