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Top European Equity Research Analysts

Bank of America—Merrill Lynch takes the No. 1 spot in Alpha’s annual ranking of the equity research analysts in Europe who did the best job of servicing hedge funds in 2008. BofA-Merrill Lynch analysts were well positioned to make short-term calls, courtesy of the firm’s “most and least preferred” program, initiated by London-based media analyst Julien Roch (left).

After a series of royal scandals, Britain’s Queen Elizabeth II took to calling 1992 an “annus horribilis” — ­Latin for a year that wasn’t so hot. No one would argue that equity markets around the globe didn’t have a horrible year too — in 2008 — but which of the sell-side

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