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Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AUM), according to the latest report from data provider Preqin.
Established members of the club draw attention from institutional investors, and in general $1bn club managers experience strong success in raising capital. 2016 has seen new entrants to the $1bn club, including newer hedge fund managers that have shown strong credentials at previous firms, as well as more established managers that have experienced a steady growth in AUM.
"Preqin’s Hedge Fund Online currently details 668 managers with at least $1bn in AUM, with the club increasing by a net 98 members over the past year," the report said. It continued, "The $1bn club accounts for 12% of all hedge fund managers, yet represents 88% of hedge fund industry assets. However, despite the increasing number of managers joining the $1bn club, the proportion of industry assets these firms represent has declined from 92% in 2015."
Assets of largest funds decline
The same report said that managers with $20bn or more in AUM have seen their assets decline by 15% since May 2015, implying that even the elite have not been immune to redemptions from institution...................... To view our full article Click here
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