|The Top U.S. Equity Emerging Hedge Fund Managers now manage $78 billion in U.S. equity assets, according to the latest hedge fund industry report. Overall, the top Emerging Hedge Funds have seen their equity assets jump by $11.8 billion, or 18%.|
An impressive 80% of the hedge funds on the list saw their assets increase over the second quarter. Leading the top gainers are Soroban Capital Partners (+$1.2B), Corvex Management (+$762M), Roystone Capital Management (+$735M) and Overland Advisors LLC (+$721M). Notably, Corvex and Roystone were also among the top gainers during the first quarter of the year.
The Top Emerging Manager List is led for the second consecutive quarter by #1 Keith Meister’s Corvex Management and #2 Zach Schreiber’s PointState Capital.
The event-driven and opportunistic investing Corvex hedge fund reported equity assets of nearly $7.2B. Prior to founding Corvex Management, Meister worked at Carl Icahn’s firm for many years.
Global Macro specialist PointState Capital reported equity assets of $6.7 billion. PointState Capital was founded in 2010 by Zach Schreiber, former CEO Sean Cullinan and colleagues from Stanley Druckenmiller’s Duquesne Capital Management.
Ranking Methodology: The Top U.S. Equity Emerging Manager Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets. The Emerging Hedge Fund rankings include firms that were launched in 2009 or later. To view the list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.