Beverly Chandler, Opalesque London: Preqin’s latest edition of their monthly Hedge Fund Spotlight finds that 61% of the capital in the hedge fund industry is managed by the 100 largest
managers, who have combined assets under management of $1.4tln.
These firms are also the oldest. The firm says: "These 100 largest hedge fund managers have a mean
year of establishment of 1994, compared to 2002 for all other hedge fund managers.
Looking ahead, this trend is likely to continue, as investors
who commit the
amount of capital to hedge funds
look to target hedge fund managers with a
AUM. The 176 investors which
require assets under management of $818m; in
comparison, other hedge fund
assets under management of $474m."
Other highlights from the report include: