Sat, Oct 25, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t