Top 200 Equity Hedge Funds surge by 25.8%, Report Assets of more than $730 billion
|April 9th, 2013||
|The Top 200 U.S. Equity Hedge Fund list fared very well during the course of 2012, as their total US equity assets increased by more than $150 billion (or 25.8%). The top hedge funds ended the year on a high note, gaining an additional $28 billion or 4% during the fourth quarter, reporting end of year assets of $732 billion|
Nearly 70% of the top 200 hedge funds saw their US equity assets grow over the course of the fourth quarter with twenty-seven hedge funds on the Top 200 Hedge Fund list seeing their equity assets jump by more than $500 million. Among the more notable gainers were long/short global equity focused Lansdowne Partners (+$1.1B), event-driven focused Senator Investment Group (+$1.1B) and event-driven focused JANA Partners (+$1.0B).
There were 20 new hedge funds on this quarter’s top 200 hedge fund list. Among the new entrants are David Greenspan’s New York City-based Slate Path Capital LP, Larry Foley’s and Paul Farrell’s Fairfield, CT-based Bronson Point Partners and New Rochelle, NY-based Tesuji Partners LLC.
New York City Hedge Funds maintained their dominance as the center of the hedge fund universe with the greatest amount of assets under management (~51%). The other major hedge fund hubs represented on the list include Greenwich/Stamford/Westport (over $110 billion), Boston, Chicago and San Francisco.
Not surprisingly, multi-strategy styled and long/short equity funds are once again the dominating strategies on the list, overseeing $181B and $122B in assets, respectively. Growth-focused hedge funds are responsible for managing $95B of the list’s assets, while Value and Quant funds accounted for $86B and $65B, respectively.
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