London’s new fund queens
23 May 2011 4:22am
THE TOTAL value of assets under management run by female hedge fund managers has more than doubled to over $200bn (£122.8bn) in the space of a year, according to the latest Hedge Fund Journal and Ernst & Young study.
Women managed just $4.5bn in hedge fund assets last year, accounting for just three per cent of the $1.5 trillion global market.
But a surge in the number and performance of high-flying female hedge fund managers has seen their share hit ten per cent of the $2 trillion of assets now held in funds worldwide.
The money women are running is at least $100bn if allocators are included, based on the 30 portfolio managers in this year’s Hedge Fund Journal survey.
If the nine female chief operating officers from the top hedge fund firms are included, the figure is pushed up a further $100bn.
Each fund manager in the list runs at least $1bn and has been managing money for at least 10 years.
Amongst the highflying London fund managers on the list is Mina Gerowin, the top lieutenant to superstar hedge fund chief John Paulson.
Gerowin is the managing director of the New York-based Paulson & Co’s London operations, where she heads several funds.
Andrea French, the chief operating officer for trading at the elite Brevan Howard hedge fund, is another high flying female executive.
She is responsible for many of the firm’s funds, as well as a clutch of UCITS launches that lie behind Brevan’s asset growth.
Two women from rival hedge fund giant Man Group, Michelle McCloskey and Victoria Parry, also make the list.
Another 34 top female fund managers also make up the list, from the financial centres of Singapore, Hong Kong, Geneva and Paris.
Michael Serota, global hedge fund practice co-leader at Ernst & Young said: “We congratulate the women that made the list this year, and we look forward to working with them and their colleagues for many years to come.”
Managing director, Paulson & Co
Partner & COO trading, Brevan Howard.
Head of fund research, Man Multi Manager.
Global head of investment research, FQS Capital Partners.
Head of product legal, Man Group.
Chief operating officer, Edoma Partners.
Product head, dbSelect Platform, Deutsche Bank.
Portfolio manager, USS.
Global head of capital introduction, Deutsche Bank.
Investment director, GAM Multi-Manager.
Chief financial officer, TT International.
Portfolio manager, Man GLG.
Partner, Brevan Howard.
Director, BT Pension Fund Management.
Managing principal, Sabre Fund Management.
Portfolio manager, J Rothschild Capital Management.
In other news
The Eurovision Song Contest is getting more and more expensive, despite Europe's decline into austerity [Read more]
There were delays of up to 30 minutes to trains in and out of Kings Cross Station, after the station was re-opened [Read more]
When a 20-year-old footballer publicly declares he wants to leave a club and his agent hurls insults at one of [Read more]
The outbreak of bird flu in the US is leading to an unprecedented situation for companies reliant on eggs – [Read more]
Germany's finance ministry has denied reports it was considering offering Greece its own parallel currency. [Read more]
Chancellor George Osborne was given a boost today, as higher tax receipts helped shrink the deficit by more than [Read more]
Beleaguered spread-betting firm Plus500 today suspended trading in its shares on London's junior market, following [Read more]
The news that card and electronic transactions have overtaken cash as the UK’s preferred method of payment is [Read more]
Despite the crippling effect of election uncertainty, offers received in April were up 15 per cent on last year [Read more]
Former secretary of state for communities and local government Eric Pickles is to be knighted, 10 Downing Street [Read more]
Network Rail engineers have destroyed the Abbey Wood station as part of the Crossrail development that is expected [Read more]
The Championship looks set to once again be named the fourth most-watched league in Europe, following a seven [Read more]
The Costa Coffee owner said Brittain was "the standout candidate from a very strong field". [Read more]
Sugary foods may be taxed to cover the costs of treating obesity, a government minister has said.
European governments must increase efforts to adopt structural reform if “lasting stability and prosperity” [Read more]
Accounting, finance and economics - choose to study any of these subjects anywhere and you'll be likely to land [Read more]
Badly-behaved bosses are a nightmare if you're the unfortunate employee who has to work for them - but they're [Read more]