In this Saturday’s Fund Spotlight, we are showcasing four hedge fund managers that were recently added to HedgeTracker’s free hedge fund directory. While we usually tend to feature newer hedge fund firms, we decided to turn back the clock and look at firm’s that were launched during the 1990’s. This week’s report includes: Blue Ridge Capital, Fir Tree Partners, HBK Capital, and Ivory Investment Management. Combined, these hedge fund managers have almost $10 billion in U.S. equity assets under management.
First off is HBK Investments LP, which also happens to be the oldest firm on our list. The firm was founded way back in 1991 when most of today’s hedge fund managers were still in grade school. HBK Investments was founded by and named after former managing director Harlan B. Korenvaes.
The Multi-Strategy shop, which is now led by Hugh Lebowitz and David Costen, currently manages $2,769 million from its Dallas, New York, London, and Tokyo offices.
Next up is Jeffrey Tannenbaum’s Fir Tree Partners, which he founded in 1994. Fir Tree currently manages $2,058 million in equities across a series of funds, which includes the Fir Tree Value Fund. Prior to forming the firm, Tannenbaum was with Kohlberg & Co.
The largest U.S. equity manager on this week’s report, with $3,397 million, is long/short equity focused Blue Ridge Capital. John Griffin founded the firm in 1996. Mr. Griffin was previously the president of Julian Robertson’s Tiger Management and his firm’s longevity and size certainly places him as one of the most successful “Tiger Cubs.”
The final firm on this week’s list is Ivory Investment Management, which was founded in 1998 by Curtis Macnguyen. Based in Los Angeles, the value focused hedge fund manager currently manages $1,646 million in equities. The firm’s top funds include the Ivory Flagship, Ivory Long-Term, Ivory Capital, and Ivory Opportunity. |
