Fri, Jul 31, 2015
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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner