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New Managers June 2014

PERSPECTIVES: Views and findings relevant to emerging fund managers

 

The $1bn Club dominates industry assets Not exactly breaking news, but here Preqin, the research house, came up with some nice numbers.

Following positive performance and investor inï‚ows in recent years, the global hedge fund industry is now worth approximately $2.66tn. The industry is growing, both in terms of assets and volume, with more than 4,600 fund managers now managing more than 10,500 funds, an increase from May 2013 when there were around 4,150 managers running approximately 10,000 funds...

There are currently more than 500 hedge fund managers with $1bn or more in assets under management. With these ïrms representing approximately 90% of total industry assets, they make up a signiïcant proportion of all capital managed by hedge funds... With more assets than the next three largest fund managers combined, Bridgewater Associates is the largest hedge fund manager today, with around $157bn...

There are currently 25 fund managers with more than $20bn in assets. These ïrms have $834bn in aggregate assets under management, with the average assets under management around $33.4bn. The fact that the largest hedge fund managers typically have the longest track record shows that growing assets is a gradual process; these managers have been rewarded for several years of positive performance, leading to investor inï‚ows and dominance of the industry.

Long/short is by far the most utilized of all the strategies, with around 42% of all funds managed by $1bn Club members using this strategy... Outside of long/short, multi-strategy and macro strategies are the most utilized strategies by the largest hedge fund managers...

You can read Preqin's full report here. Correlations rise as banks cut out smaller funds

Capital-strapped banks' laser-like focus on a shrinking pool of core clients is helping to cement the ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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