Sat, Aug 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Billion Dollar Club: The biggest 293 U.S. hedge funds now manage record $1.71 trillion

Thursday, March 27, 2014

Benedicte Gravrand, Opalesque Geneva:

Investors have not stopped piling in the behemoths of the industry, it seems, quite the contrary.

Absolute Return’s latest Billion Dollar Club rankings show American hedge funds' assets are at their all time high; the last high asset level was $1.68tln in mid-2008.

The Billion Dollar Club, which includes all hedge fund firms managing $1bn or more and which churns out rankings twice a year, includes, as of 1st January 2014, 293 firms managing a total of $1.71tln, up from $1.46tln at the start of 2013. According to the news service, the funds gathered $250bn through 2013, the most since the credit crisis. In 2007, their assets grew by $407bn.

The Club had 287 firms managing $1.57tln six month before the current survey, in July 2013.

According to Absolute Return, the top 50 firms saw an increase of 17.44% in 2013, whereas the whole group saw 17.16%. Around two thirds of the firms in the Club increased their AuM last year.

The Club’s biggest winners are J.P. Morgan (with an AuM increase of $15bn, and which includes funds from J.P. Morgan, Highbridge Capital and Gavea Investimentos), AQR, Adage, Discovery and Och-Ziff. The biggest losers are Saba, Regiment, ESL, Standard Pacific, and QIM. Newcomers to the Club are Contour A.M., Arch......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new