UBS, which ranked first in this years Institutional Investor 2006 All-Europe research team rankings, takes the top spot in hedge fund managers esteem, the March/April issue of Alpha magazine reports.
Morgan Stanley makes the largest jump in the rankings, going from seventh place in the All-Europe Survey to second place among hedge fund voters. Citigroup rises to fifth place in the general survey from sixth place while last years hedge fund favorite, Merrill Lynch, appears in fourth place.
To obtain its rankings, Alpha retabulated the results of its 2006 All-Europe and Emerging EMEA research teams to count only votes cast by hedge funds. Fourteen first-place groups in 13 categories differ from those that rank in the overall survey.