FACTBOX-The European hedge fund industry

LONDON, June 14 (Reuters) - The European hedge fund industry
is back on the recovery path after a tough credit crisis, thanks
to strong performance figures last year and the return of some
clients in recent quarters.

However, May's losses of 2.73 percent, according to Credit
Suisse/Tremont, have wiped out much of the gains made so far
this year and raised fears of further volatility.

The shape of the industry is also changing as firms look for
new ways to grow assets, as shown by Man Group's (EMG.L) $1.6
billion acquisition of GLG Partners GLG.N and a number of
smaller deals. [ID:nLDE64G0EN]

The industry gathers this week at the GAIM conference in
Monaco to debate the prospect of more consolidation, as well as
weighing the impact of weak performance in May after a sustained
period of recovery. [ID:nLDE6581IB]

Following is a list of the biggest European hedge fund firms
by assets and tables showing the industry's growth and the
location of managers by assets, according to EuroHedge data:

Firm name: Assets at Jan 2010:

--------------------------------------------------------

Brevan Howard $25.3 bln *

Man AHL (EMG.L) $21.7 bln

BlueCrest $16.8 bln

Lansdowne Partners $14.0 bln

Winton $12.3 bln

GLG Partners GLG.N $10.4 bln

Sloane Robinson $8.1 bln

Transtrend $7.6 bln

Brummer $7.6 bln

Gartmore $6.9 bln*

* European funds only

Date Total European Number of Funds

Industry Asset

------------------------------------------------------------

Dec 2003 $168 bln 810

Dec 2004 $256 bln 1030

Dec 2005 $325 bln 1258

Dec 2006 $460 bln 1509

Dec 2007 $575 bln 1617

Dec 2008 $398 bln 1638

Dec 2009 $382 bln 1309

*Dec 2009 $405 bln 1396*

*Includes standalone UCITS funds

For a graphic, click on:

here

Location of manager Assets (Jan 2010)

-------------------------------------------

UK $291 bln

Sweden $19 bln

Switzerland $15 bln

France $9.4 bln

Netherlands $9.3 bln

Other $38.6 bln

For a graphic, click on:

here
(Reporting by Laurence Fletcher; Editing by Louise Heavens and
Hans Peters)