Sun, Apr 23, 2017
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. Opalesque Exclusive: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f