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Europe's Largest Single Managers Ranked by a Um

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Europe's Largest Single Managers Ranked by a Um 2013 IN ASSOCIATION WITH IN ASSOCIATION 5O EUROPEEUROPE’S LARGEST SINGLE MANAGERS RANKED BY AUM EUROPE50 01 02 03 04 Brevan Howard Man BlueCrest Capital Blackrock Management 1 1 1 1 Total AUM (as at 30.06.13) Total AUM (as at 30.06.13) Total AUM (as at 01.04.13) Total AUM (as at 30.06.13) $40.0bn $35.6bn $34.22bn $28.7bn 2 2 2 2 2012 ranking 2012 ranking 2012 ranking 2012 ranking 2 1 3 6 3 3 3 3 Founded Founded Founded Founded 2002 1783 (as a cooperage) 2000 1988 4 4 4 4 Founders/principals Founders/principals Founders/principals Founders/principals Alan Howard Manny Roman (CEO), Luke Ellis (President), Mike Platt, Leda Braga Larry Fink Jonathan Sorrell (CFO) 5 5 5 Hedge fund(s) 5 Hedge fund(s) Hedge fund(s) Fund name: Brevan Howard Master Fund Hedge fund(s) Fund name: BlueCrest Capital International Fund name: UK Emerging Companies Hedge Limited Fund name: Man AHL Diversified plc Inception date: 12/2000 Fund Inception date: 04/2003 Inception date:03/1996 AUM: $13.5bn Inception date: Not disclosed AUM: $27.4bn AUM: $7.9bn Portfolio manager: Mike Platt AUM: Not disclosed Portfolio manager: Multiple portfolio Portfolio manager: Tim Wong, Matthew Strategy: Global macro Portfolio manager: Not disclosed managers Sargaison Asset classes: Not disclosed Strategy: Equity long/short Strategy: Global macro, relative value Strategy: Managed futures Domicile: Not disclosed Asset classes: Not disclosed Asset classes: Fixed income and FX Asset classes: Cross asset Domicile: Not disclosed Domicile: Cayman Islands Domicile: Ireland Fund name: BlueTrend Inception date: 04/2004 Fund name: UK Equity Hedge Fund Fund name: Brevan Howard Multi-Strategy Fund name: GLG European Long Short AUM: $15.4bn Inception date: Not disclosed Master Fund Limited Inception date: 09/2000 Portfolio manager(s): Leda Braga AUM: Not disclosed Inception date: 03/2008 AUM: $2.7bn Strategy: Systematic trend following Portfolio manager: Not disclosed AUM: $4.8bn Portfolio manager: Pierre Lagrange, Simon Asset classes: Not disclosed Strategy: Equity long/short Portfolio manager: N/A Savage, Darren Hodges Domicile: Not disclosed Asset classes: Not disclosed Strategy: Multi-strategy Strategy: Multi-strategy – equity long/short, Domicile: Not disclosed Asset classes: Fixed income, FX, credit, market neutral Fund name: AllBlue commodities Asset classes: Equity Inception date: 09/2005 Fund name: EOS Domicile: Cayman Islands Domicile: Cayman Islands and onshore UCITS AUM: $7.7bn Inception date: Not disclosed Portfolio manager: Mike Platt AUM: Not disclosed Fund name: Brevan Howard Credit Catalyst Fund name: FRM Diversified II Strategy: Multi strategy Portfolio manager: Not disclosed Master Fund Limited Inception date: 01/2004 Asset classes: Not disclosed Strategy: Equity long/short Inception date: 06/2009 AUM: $2.1bn Domicile: Not disclosed Asset classes: Not disclosed AUM: $4.0bn Portfolio manager: Paul le Page Domicile: Not disclosed Portfolio manager: David Warren Strategy: Multi-strategy – low volatility 6 Strategy: Catalyst-driven fundamental Asset classes: Traditional Dedicated managed accounts AUM Fund name: Fixed Income Global Alpha Asset classes: Credit and mortgage trading Domicile: Cayman Islands Not disclosed Inception date: Not disclosed Domicile: Cayman Islands AUM: Not disclosed Fund name: GLG Market Neutral 7a Portfolio manager: Not disclosed Fund name: Brevan Howard Emerging Inception date: 01/1998 UCITS-compliant hedge fund AUM Strategy: Fixed income multi-strategy Markets Master Fund Limited AUM: $910.0m Not disclosed Asset classes: Not disclosed Inception date: 04/2007 Portfolio manager: Steve Roth Domicile: Not disclosed AUM: $2.6bn Strategy: Multi-strategy – arbitrage 7b Portfolio manager: Geraldine Sundstrom Asset classes: Credit and convertibles UCITS-compliant funds Fund name: European Hedge Fund Strategy: Emerging markets macro Domicile: Cayman Islands Not disclosed Inception date: Not disclosed Asset classes: Fixed income, credit, FX AUM: Not disclosed Domicile: Cayman Islands Fund name: AHL Dimension Portfolio manager: Not disclosed Inception date: 07/2006 Strategy: Equity long/short Fund name: Brevan Howard Asia Master AUM: $900.0m (approx.) Asset classes: Not disclosed Fund Limited Portfolio manager: Tim Wong, Nick Granger Domicile: Not disclosed Inception date: 10/2004 Strategy: Multi-strategy quant AUM: $2.0bn Asset classes: Cross asset 6 Portfolio manager: Kaspar Ernst Domicile: Guernsey Dedicated managed accounts AUM Strategy: Global macro, relative value Not disclosed Asset classes: Fixed income, FX 6 Domicile: Cayman Islands Dedicated managed accounts AUM 7a $8.2bn UCITS-compliant hedge fund AUM 6 $4.7bn Dedicated managed accounts AUM 7a $42.0m UCITS-compliant hedge fund AUM 7b $2.6bn UCITS-compliant funds 7a UK Absolute Alpha UCITS-compliant hedge fund AUM 7b European Absolute Return $2.0bn UCITS-compliant funds European Credit Strategies GLG Alpha Select Alternative EDEAR 7b GLG Atlas Macro Alternative Global Absolute Return Bond UCITS-compliant funds GLG EM Currency & Fixed Income Alternative Brevan Howard Investment Fund - Emerging GLG EM Diversified Alternative Markets Local Fixed Income Fund GLG European Alpha Alternative Brevan Howard Investment Fund II - Macro GLG European Equity Alternative FX Fund GLG Financials Alternative GLG North American Equity Alternative KEY 1 Total AUM figure, firm-wide, of all hedge fund assets (i.e., fund and managed account assets, globally) managed by the firm as at 31 March 2013 2 Ranking position in 2012 Europe 50 survey 3 The date the business was founded 4 The names of the founders or current principals of the business, if the founders have retired from the business 5 The names/inception date/AUM figures/investment strategy/asset classes traded/portfolio managers/fund domicile for the largest five hedge funds managed (or fewer if fewer than five managed) 6 Total AUM figure of all hedge fund assets managed in dedicated managed accounts 7a Total AUM figure of all hedge fund assets managed in a UCITS-compliant format 7b The names of those UCITS-compliant funds 2 EUROPE50 05 06 07 08 Winton Capital GAM Holding Brummer and Amundi Management Partners 1 1 1 1 Total AUM (as at 30.06.13) Total AUM (as at 30.06.13) Total AUM (as at 30.06.13) Total AUM (as at 30.06.13) $24.8bn $24.1bn* $16.2bn $12.45bn 2 2 2 2 2012 ranking 2012 ranking 2012 ranking 2012 ranking 4 7 8 10 3 3 3 3 Founded Founded Founded Founded 1997 GAM was founded in 1983. Swiss & Global 1995 2010 launched their first investment fund (as part 4 of Julius Baer group) in 1970. 4 4 Founders/principals Founders/principals Founders/principals David Harding, Anthony Daniell, Tony Fenner- 4 Patrik Brummer, Per Josefsson, Peter Thelin, Laurent Guillet (CEO), Franck Dargent, Leitão, Matthew Beddall, Raj Patel Founders/principals Kent Janér, Svante Elfving, Klaus Jäntti (Deputy CEO), Luc Martin (CIO), Sylvie David M. Solo, Andrew Hanges, Martin Jufer, Dehove (Deputy CIO). 5 Michele Porro, Scott Sullivan, Marco Suter, 5 Hedge fund(s) Craig Walli Hedge fund(s) 5 Fund name: Winton Futures Fund Fund name: Brummer Multi-Strategy Hedge fund(s) Inception date: 10/1997 5 Inception date: 04/2002 Fund name: Amundi Alternatives Jana AUM: $9.7bn Hedge fund(s) AUM: $5.27bn Nirvana Portfolio manager: Systematic Fund name: Absolute Return Bond Strategies Portfolio manager: Klaus Jäntti, Patrik Inception date: 09/2011 (managed account), Strategy: Diversified Inception date: 04/2004 Brummer 04/2007 (reference fund) Asset classes: Futures, options, listed AUM: $15.9bn Strategy: Multi strategy AUM: $303.0m (managed account) equities, fixed income Portfolio manager: Tim Haywood, Daniel Asset classes: Not disclosed Portfolio manager: Barry Rosenstein, Gary Domicile: BVI Sheard, Jack Flaherty Domicile: Sweden Claar Strategy: Unconstrained fixed income Strategy: Event driven US – value catalyst Fund name: Winton Diversified Futures Fund Asset classes: Fixed income and derivatives Fund name: Lynx strategy (US) L.P. Domicile: Luxembourg (SICAV), Cayman Inception date: 05/2000 Asset classes: Equities, credit, commodities Inception date: 07/2012 Islands AUM: $4.88bn Domicile: Dublin (Ireland) AUM: $159.9m Portfolio manager: Svante Bergström, Jonas Portfolio manager: Systematic Fund name: GAM Global Rates and Bengtsson, Martin Sandquist, Anders Holst, Fund name: Amundi Alternatives TPG Axon Strategy: Diversified Discretionary FX Strategy Jesper Sandin Inception date: 01/2012 (managed account), Asset classes: Futures, options, fixed income Inception date: 01/2004 Strategy: Systematic macro 02/2005 (reference fund) Domicile: Delaware, USA AUM: $2.7bn Asset classes: Not disclosed AUM: $240.0m (managed account) Portfolio manager: Adrian Owens Domicile: Sweden, Bermuda Portfolio manager: Dinakar Singh Fund name: Winton Evolution Fund Strategy: Macro managed futures Strategy: Long/short equity – global Inception date: 09/2005 Asset classes: Fixed income and derivatives Fund name: Nektar fundamental long/short fund that invests AUM: $30.0m Domicile: Ireland (UCITS), Cayman Islands Inception date: 01/1998 across the capital structure with an emphasis Portfolio manager: Systematic AUM: $4.38bn on large cap equities Strategy: Diversified Fund name: World Invest/Talentum Portfolio manager: Kent Janér, Thomas Asset classes: Equities, equity derivatives, Asset classes: Futures, options, listed Developed Europe Strategy Andersson, Fredrik Attefall, Martin Larsén, credit, credit derivatives, commodities, FX equities, fixed income Inception date: 07/2002 Kerim Kaskal, Martin Larsén, Patrik
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