But two Europeans head table, according to our latest
With the year only half over, 2004 has already made a place
for itself in the hedge fund record books, with two European
firms - Vega Asset Management and GLG - overtaking their U.S.
counterparts to become the largest hedge funds in the world,
each over $11 billion under management.
To be sure, the crown is not one that a lot of hedge funds
operators - particularly those in the U.S. - admit to caring to
win. And for those actively trying to rein in their bulk, any
asset gains in 2004 were either a function of investment
profits or a sign that they just couldn't resist accepting
additional capital from investors desperate to find a place to
make some money. But still, others have found ways to
profitably raise more capital, many through expanding the menu
of strategies they run.