California’s Hedge Funds fall Again; Continue to undperform East Coast Funds

May 9th, 2016
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The latest list of the Top California Hedge Funds has been released, revealing that the list’s assets fell for the second consecutive quarter. California funds saw their assets decrease by -1.2% quarter-over-quarter, as compared to their East Coast brethren, which squeaked out quarterly gains.

It is not all bad news for the top CA hedge funds, as 31 of the top 50 funds actually saw their equity assets increase over the quarter. Leading the top gainers were Farallon Capital and Passport Capital.

The California list is once again headlined by ValueAct Capital Management (GARP), Farallon Capital Management (Long/Short Global Equity) and SPO Advisory (TMT Focused).

Twenty-one of the funds on the Top California Hedge Fund List, including ValueAct, Farallon, and Passport, are headquartered in downtown San Francisco, with an additional thirteen funds being located in the greater Bay Area. Down the coast, eleven of the top hedge funds call Los Angeles home, while only five of the top funds are located in the greater San Diego area.

Not surprisingly, twelve sector focused hedge fund managers made the rankings, with their assets accounting for 17% of the list’s overall assets. The sector funds on the list predominantly focus on the Technology, Media, Telecom, Biotech and Healthcare industries.

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:
Farallon Capital Management
Passport Capital LLC
SPO Advisory Corp
Related People: ; Andrew J.M. Spokes; Andrew Seligson; David Kim; Dr. Thomas Roberts Jr.; Edward Bozaan; Edward Chung; Edward H. McDermott; Ejnar Knudsen*; Eli Weinberg; Florence Eid*; Jim Cunningham; John Burbank III; John Harold Scully; John Moran; John Warren; John Woodberry*; Mike Yuen(retired)*; Neil Adshead*; Ravi Paidipaty; Seth Spaldingl; Thomas Steyer*; Walther Lovato; William Oberndorf; William Seybold
Related Entities: Farallon Capital Institutional Partners; Farallon Capital Partners; Farallon Credit Opportunity; Farallon Special Situations; FKG Capital; Hellman & Friedman; Main Street Partners; Noonday Global Management; Passport Capital Rig; Passport Energy; Passport Europe Ltd; Passport India Investments; Passport Management; Passport Master; Passport Materials; Passport Special Opportunities; SF Advisory Partners; SPO Advisory Co; SPO Partners & Co
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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