|The Top U.S. Equity Emerging Hedge Fund Managers now manage $45.2 billion in U.S. equity assets, according to the latest industry update report from Hedge Tracker. The Top Emerging Manager List is led by Sean Cullinan’s PointState Capital, and Alexander Klabin and Douglas Silverman’s Senator Investment Group.|
Not surprisingly, the founders of both top funds built their reputations at some of the industry’s most renowned investment shops. Cullinan is a veteran of Stanley Druckenmiller’s Duquesne Capital Management, while Klabin and Silverman both previously worked at James Dinan’s York Capital Management. Both PointState and Senator Investment Group also received significant seed capital at launch. PointState received $1 billion from Druckenmiller, while York Capital received 150 million in seed capital from the Blackstone Strategic Alliance Fund.
Some other notable hedge funds on the top emerging manager hedge fund list include #3 Soroban Capital Partner, #9 Slate Path Capital and #21 Dorsal Capital Management.
Long/short equity focused Soroban Capital Partners reported equity assets of nearly $2.8 billion at the end of the fourth quarter. Soroban Capital, which is led by Eric Mandelblatt, Gaurav Kapadia and Scott Friedman, launched its flagship hedge fund in November of 2010. Before founding the NY-based firm, all three founders worked together at TPG-Axon Capital.
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David Greenspan’s Slate Path Capital reported assets of $1.1 billion. Beyond being among the top emerging hedge fund managers, Slate Path is also #116 on the Top New York Metro Area Hedge Fund List and #24 on the Top Technology, Media & Telecom Focused Hedge Fund List.
Redwood Shores, CA-based Dorsal Capital Management is also notably ranked highly on the Top Technology, Media & Telecom and Top Mid-Sized Hedge Fund lists. The technology focused hedge fund was founded in 2009 by Chief Investment Officer Ryan Frick and lead Portfolio Manager Oliver Evans.
Ranking Methodology: The Top U.S. Equity Emerging Manager Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets. The Emerging Hedge Fund rankings include firms that were launched in 2008 or later. To view the list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.