HF landscape in London
Hi everyone,
was wondering if familiar people could comment on size and activity of the London HF industry in general?
I think NYC is still the biggest HF hub in the world and London is probably second, but I've seen in a 2013 industry report that the market share (% of global AUM) of NYC has been shrinking recently, while London has been growing at the same time (though still considerably smaller than NYC).
Maybe to help quantify the situation: let's assume you have 200 skilled (read: good, not insane) IBD analysts looking to get into HF analyst roles, 100 in NYC and 100 in London - how many of the 100 would you say are likely to succeed in each city?
(My estimate would go something like NYC=60%; LDN=40%?)
Thanks in advance for any insights.
Top London HFs (Originally Posted: 07/13/2007)
What are the biggest HFs in London?
what's your criteria? assets under management? management fees? specific strategies or combined? trading turnover? employees? office size?
It's pretty much irrelevant apart from for willy comparison purposes.
Inscrutable, I'm interested in AUMs. HFs with a strong Fundamentals-focus would be great.
What do you have?
GLG is a huge HF based out of London. Marshall Wace is another big one.
Have a look at Absolute Return magazine; they rank HFs by size on an annual basis. You'll find from this list, that the vast majority of large funds are in the USA.
Thanks guys - very helpful
Newsmith Capital is a big one
Man Group
I've read a statistic in a big4 HF report that some 70% of global HFs are in the US but not sure...
But in London, all the big PE players are present and they tend to have HF divisions too.
However, isn't London THE place to be for macro?
In fact I'd be more than interested in the global % split of the 3 trillion HF dollars today, so if anyone happens to know... (Still too broke to buy that Prequin report)
some big US funds have offices here too obviously. Viking Global, Baupost, Apollo, York Capital, Avenue, Och Zifff, Angelo Gordon, King Street, DE Shaw, Millenium, Moore Capital, Eton Park etc.
And then there are some European ones that are quite big e.g. Man/GLG, Marshal Wace, Brevan Howard etc.
Credit HFs in London (Originally Posted: 05/31/2015)
Hi guys,
Wanted to see if any of you could point out some top HF names that focus on credit? HY focus ones, but also ones investing across the cap structure, distressed, private lending, etc.
Any names / descriptions that come to mind would be very welcome!
If there is a topic on this already please point me to it (haven't found it myself).
Thanks
interested as well
Not 100% relevant, but check the attachments in my post, you might find some names interesting: http://www.wallstreetoasis.com/blog/demystifying-gso-capital-blackstone
brigade, avenue, gso, oaktree, apollo, monarch, york, svp, canyon, anchorage, centerbridge, davidson kempner, fortress, lone star, oak hill, angelo gordon, king street
just to name a few, pretty broad universe, some of them do distressed, some more PE, some HY and CLO's etc.
All the large USA ones have London presence Oaktree, the PE shops etc.
HFs in London (Originally Posted: 05/22/2012)
Hey everyone, Is anyone around here familiar with the hedge funds scene in London? I do know that there are quite a few funds around, but what is the general perception as far as undergrads go? Any places that do not follow a quantitatitve strategy but recruit undergrads?
Many thanks!
lots
Yes there are lots but how many recruit undergrads straight out?
I'd guess actually not many - typically at a minimum I think they try and snag the BB kids down on Fleet St or in Canary after a year or so, but I can't speak for all HFs.
I'd ring a few headhunters (there are LOTS of those) and ask them what they think. Also keep in mind that later down the road, having no experience on the sell-side could be a ding - even if it's just for a year, it's important to see all sides of the deal.
I know 2 people who got into Citadel straight after CompSci from one of top unis in London... But this is very rare, only the biggest ones actually come and recruit on campuses, and even then most of the opportunities I've seen are for quant positions and they want MSc/ PhD.
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