Top 300 Hedge Funds see assets jump by 12% year-to-date – Big Gainers Lead the Charge

September 29th, 2012
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The Top 300 US Equity Hedge Funds have seen their assets increase by more than $76 billion, or 12%, since the beginning of 2012. Overall, the top U.S. equity hedge funds manage a combined $712 billion in equity assets. On an absolute basis, 49 hedge fund managers on the list have seen their US equity assets surge by more than $500 Million since the beginning of the year. The biggest YTD gainers include Renaissance Technologies Corporation, Citadel Investment Group, D.E. Shaw & Co and Two Sigma Investments.

Nearly 15% of the 300 hedge funds on the list were not on the list at the beginning of 2012. Emerging hedge fund managers, which were launched in 2008 or later, were a significant component of the newcomers to the list, including #196 Corvex Management, #211 Antipodean Advisors, #246 Bronson Point Partners, and #255 Vollero Beach Capital Partners. Notably, long/short equity manager Bronson Point Partners, which was founded in 2009 by Larry Foley and Paul Farrell, launched its first hedge fund in 2010 and now oversees $571 Million in US equity assets.

The Top five Hedge Funds on the list combined oversee an impressive $126 billion in assets. The top five includes #1 Renaissance Technologies Corporation, #2 Citadel Investment Group, Adage Capital Partners, #4 D.E. Shaw & Co and #5 Lone Pine Capital. Notably, Steve Mandel’s Lone Pine has moved up two spots during the course of the year, knocking Clifford Asness’ AQR Capital Management down to the #6 spot.

Regionally, New York City Hedge Funds maintained their dominance as the center of the hedge fund universe with the greatest share of assets under management (just under 50%). The other major hedge fund hubs represented on the list include Greenwich/Stamford/Westport, Boston, Chicago and San Francisco.

The top 300 hedge fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. To view the Top 100, Top 200 and Top 300 Hedge Fund lists in their entirety, please visit our Top Hedge Fund List portal.
For Detailed Investor Profiles on these Investors, click below:
Adage Capital Partners
Bronson Point Partners
Related People: Jonathan Marcus; Larry Foley; Paul Farrell; Phil Gross; Robert Atchinson
Related Entities: Adage Capital Advisors LLC; Adage Capital Partners LP; Bronson Point Partners LLC; Harvard Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports

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