California’s Hedge Fund Gold Rush Stalls, Top Hedge Fund Assets fall just below $88 Billion

December 2nd, 2014
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The latest list of the Top Hedge Funds from California has been released, revealing that the list’s assets dipped by -0.5% quarter-over-quarter. Despite the slight dip, the top funds’ assets are still up 12.9% year-to-date, ending the quarter at $87.9 billion in combined US equities.

Nineteen hedge funds on the Top 50 California Hedge Fund list saw their equity assets increase over the quarter. Leading the top gainers are Jeffrey Ubben’s ValueAct Capital Management (+$1.4B) and Richard “Mick” McGuire’s Marcato Capital Management (+$925M). ValueAct’s gains enabled the San Francisco’s based hedge fund to once again claim the top spot on the list.

Eleven "sector focused" hedge fund managers made the list this quarter, with their assets accounting for 19% of the list’s overall assets. The sector funds on the list predominantly focus on the Technology, Media, Telecom, Financials, Biotech and Healthcare industries.

Eleven of the top hedge funds on this quarter’s list call Los Angeles home, while, not surprisingly, northern California is the favored home for the majority. Twenty-four of the funds on the Top California Hedge Fund List are headquartered in downtown San Francisco, with an additional eleven funds being located in the greater Bay Area.

Hedge Tracker releases a series of top hedge fund lists on a quarterly basis. To view the Top California Hedge Fund list in its entirety, please visit the Top Hedge Fund List ranking portal.
For Detailed Investor Profiles on these Investors, click below:
Marcato Capital Management
ValueAct Capital Management
Related People: Jeffrey W. Ubben; Richard “Mick” McGuire
Related Entities: Marcato II, L.P.; Marcato International Ltd.; Blum Capital Partners*; Marcato, L.P.; ValueAct AllCap International LP; ValueAct Capital International; ValueAct Capital LLC; ValueAct Holdings GP LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports

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