Top Hedge Funds Eclipse $730 billion Mark, Assets up 23% Year-to-Date

September 27th, 2013
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The latest Top U.S. Equity Hedge Fund list has been released, revealing that the top 100 hedge funds’ assets increased by nearly $16 billion, or 2.2%, over the last quarter. In aggregate, U.S. equity assets managed by the top 100 hedge funds rose to $733 billion. Year-to-date, the top hedge funds have seen their equity assets jump by $136 billion, or 22.9%.

The outsized rise in assets can largely be attributed to the eighteen hedge funds on the Top 100 Equity Hedge Fund list that have seen their equity assets increase by more than $1 billion. Leading the equity asset surge are Icahn Associates (+$4.5B), D.E. Shaw & Co (+$2.7B) and Winton Capital Management (+$2.7B).

Several notable value and event-driven focused equity funds were among the top gainers, including AQR Capital Management LLC, Corvex Management, Fir Tree Partners and Pentwater Capital Management LP. Not surprisingly, multi-strategy styled and long/short equity funds are again the dominating strategies on the top 100 hedge fund list, overseeing 22% and 15% in equity assets, respectively. Value-focused hedge funds are responsible for managing 12% of the list’s assets, while Growth/GARP and Quant funds account for 14% and 11%, respectively.

Regionally, Manhattan maintained its place as the center of the hedge fund universe with the greatest amount of hedge fund equity assets under management (~52%). The other major hedge fund hubs represented on the list include the Greenwich/Fairfield County area, Boston and San Francisco.

HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top Hedge Fund lists in their entirety, please visit our premium Hedge Fund Ranking Portal.
For Detailed Investor Profiles on these Investors, click below:
AQR Capital Management LLC
D.E. Shaw & Co
Fir Tree Partners
Icahn Associates (Carl Icahn)
Pentwater Capital Management LP
Winton Capital Management
Related People: Alexander J. Denner; Anne Dinning; Brett Icahn; Carl Icahn; Clifford Asness, Ph.D.; David E. Shaw; David G. Kabiller; David Harding; Eric Wepsic; Jeffrey Tannenbaum; John M. Liew; Julius Gaudio; Keith A. Meister*; Louis Salkind; Matthew Beddall; Matthew Halbower; Max Stone; Raj Patel; Robert J. Krail; Stuart Steckler(retired)*
Related Entities: Man Group plc*; Adam Harding & Lueck*; AQR Absolute Return Master; AQR Delta Master Account; AQR Global Asset Allocation; AQR Global Equity Master; AQR Global Stock Selection; AQR International Equity Fund; AQR RC Equity International; AQR Small Cap Value Fund LP; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; Fir Tree Capital; Fir Tree Institutional; Fir Tree LDC; Fir Tree Value Fund; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Pentwater Capital
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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