SOURCE: Alpha magazine

June 26, 2008 17:06 ET

London Calling: 39 of 50 Single-Manager Hedge Fund Firms in Alpha Magazine's Ranking of the Biggest Firms in Europe Call the U.K. Home

European Hedge Funds Rise in Global Standing

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.

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