Top California Hedge Funds cross the $100B mark; ValueAct Capital still in top spot
|October 14th, 2015||
|The latest list of the Top Hedge Funds from California has been released, revealing that the list’s assets eclipsed the $100 billion threshold. In aggregate, the top funds were up 3% for the quarter, ending at $101 billion in combined assets. The list is once again headlined by ValueAct Capital Management, a GARP investor based out of San Francisco.|
This quarter’s list welcomes one new entrants to the top 10: Canyon Capital Advisors (#8, previously #11). Canyon was up nearly 20% over the quarter after assets increased $600 million. Canyon, a multi-strategy fund, is based in Beverly Hills, CA has historically been a credit focused hedge but has about 15% of assets in US equity securities.
Thirty hedge funds on the Top 50 California Hedge Fund list saw their equity assets increase over the first quarter. Leading the top gainers were ValueAct (+$900M), Farallon Capital Management (+$670M) and Meritage Group (+$566M). Interestingly, two of the top 5 funds recorded a decline in assets, including SPO Advisory Group (#3), which dropped by $590 million.
Not surprisingly, eleven sector focused hedge fund managers made the rankings, with their assets accounting for 15% of the list’s overall assets. The sector funds on the list predominantly focus on the Technology, Media, Telecom, Financials, 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: