WEST PALM BEACH, FL (HedgeCo.Net) – A new survey conducted by Asterias shows that the French Hedge funds grew by 63% in the past two years. The new survey titled, �France Hedge Fund Outlook 2004� isan in-depth analysis of the French Hedge Fund investments. It shows that total hedge fund assets in France shut up to EUR53 billion at the end of June 2004.
The study also showed that hedge fund assets represent 7% of the asset management obligations in France during the same period. In March 2002, Asterias reported that total hedge fund assets in France stood at EUR33 billion. Asterias said, �Most managers experienced an average growth of 40% to 60% in the same period.� Lyxor AM, Soci�t� G�n�rale�s subsidiary which specializes in managed accounts dominates the market with assets exceeding EUR 40 billion (including structured products).
French banks, according to the released study, control about 70% of the marketing and distribution of hedge fund assets and products in the country. Asterias� report also said the number of funds of funds has increased significantly. Three strategies dominate the French hedge fund market: fixed income arbitrage, convertible arbitrage and managed futures.
Those three strategies represent about 80% of the assets managed in single manager funds. Five firms dominate the French hedge fund market. These big players include four banks and one independent firm, and they manage about 53% of the total hedge fund managed assets.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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