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Komfie Manalo, Opalesque Asia:

Relying on their experience and ability to produce risk-adjusted returns under all market conditions to distinguish themselves from the rest of the industry, the $1bn Club will look to maintain and build on its leading position within the hedge fund industry, said data provider Preqin.

Amy Bensted, head of hedge fund products at Preqin, commented, "With the number of managers exceeding $1bn in AUM increasing, the $1bn Club continues to control a substantial portion of the hedge fund industry’s assets. Some new managers with an existing attractive pedigree have been able to obtain large capital commitments from day one, while more established firms have entered the club through asset growth. The differences between the largest and smallest $1bn Club managers are still evident in 2016, with the largest managers able to offer more strategies to institutional investors, leading the $1bn Club in CTA, macro and multi-strategy offerings."

She continued, "So far in 2016, we have seen some big-name hedge fund investors handing in redemption notices including NYCERS and MetLife; despite these large institutional investors withdrawing capital commitments from $1bn Club managers, the largest hedge funds have still seen net inflows over Q1 2016."

North America-based hedge fund manager dominates $1bn Club

Preqin added that North America continues to be the hub of the $1bn Club......................

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