Renaissance Technologies and Citadel Investment Group Surge, While Other Top Equity Hedge Funds Stall
|August 30th, 2012||
|Renaissance Technologies Corporation and Citadel Investment Group saw their equity assets under management surge over the second quarter of 2012 by $4.1 Billion and $763 Million, respectively. While Jim Simons’ quant focused Renaissance Technologies retained its position as the largest US equity hedge fund, Ken Griffin’s Citadel regained the #2 spot. Citadel had temporarily lost the #2 spot during Q1 2012, when it was eclipsed by D.E. Shaw & Co.|
D.E. Shaw & Co.’s equity assets fell by $1.4B, bringing its equity assets to $25B and causing it to fall two spots to #4 on the top hedge fund list. Meanwhile, Adage Capital Partners managed to jump up one spot to #3 by gaining $269M, bringing its total equity AUM to $25.6B.
The Top 10 Hedge Funds overall saw their US Equity assets decrease by $5.9 Billion, or 2.96%, during the second quarter of 2012. Beyond D.E. Shaw & Co, the asset decreases were led by Two Sigma Investments (-$5.2B), John Paulson’s Paulson & Co (-$3B) and Steve Cohen’s SAC Capital Advisors (-$1.79B). The once infallible John Paulson once again saw his firm fall in the rankings, down to #10 on the list. After dominating the top hedge fund list for years, Paulson & Co. lost the top spot during Q3 2011 and has seen its ranking drop every quarter since.
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