Top Hedge Funds jump to $875 billion mark, up 13% for the quarter to finish 2013 strong

March 23rd, 2014
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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 more than $100 billion, or 13%, over the last quarter. In aggregate, U.S. equity assets managed by the top 100 hedge funds has reached $875 billion.

The outsized rise in assets can largely be attributed to the top 10 hedge funds on the Top 100 Equity Hedge Fund list that all experienced growth over the fourth quarter, totaling more than $38 billion. Leading the equity asset surge are Citadel Investment Group (+$7.2B), D.E. Shaw & Co. (+$5.8B), and Icahn Associates (+$3.1B). Citadel’s strong quarter enabled it to unseat Renaissance Technologies Corporation for the top spot. Renaissance recorded a gain of $500M but still fell two spots to #3.

The list welcomed four new entrants this quarter, including Moore Capital Management (#69), Salient Capital Advisors (#94), Alken Asset Management (#96) and Ascend Capital (#97). The biggest gainer, Marshall Wace North America, jumped 30 spots to break into the top 60. GLG Partners (#75) and Elliott Management Corporation (#83) each fell more than 20 spots on the list.

Not surprisingly, multi-strategy styled funds remained the dominant strategy on the top 100 hedge fund list, overseeing 23% in equity assets, while long/short funds secured the second spot with 15%. Value-focused hedge funds are responsible for managing 12% of the list’s assets and Quant funds account for 10%.

Regionally, Manhattan maintained its place as the center of the hedge fund universe with the greatest amount of hedge fund equity assets under management (~53%). 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:
Ascend Capital
Citadel Investment Group
D.E. Shaw & Co
Elliott Management Corporation
GLG Partners
Icahn Associates (Carl Icahn)
Moore Capital Management
Renaissance Technologies Corporation
Related People: ; ; Becket Wolf*; Peter Brown; Robert L. Mercer; Alexander J. Denner; Anne Dinning; Brandon Haley; Brett Icahn; Brian Miller*; Carl Icahn; David E. Shaw; David Grossman; Derek Kaufman; Emmanuel "Manny" Roman; Eric Wepsic; Gordon Singer; Greg Coffey; Henry Bedford*; Jason Mackay*; Jean-Philippe Blochet; Jeff Runnfeldt*; Jim Simons; Joe Squeri; John White; Jon Pollock; Julius Gaudio; Kaveh Alamouti*; Keith A. Meister*; Kenneth Griffin; Louis Bacon; Louis Salkind; Malcolm Fairbairn; Mark Jones; Mark Stainton; Max Stone; Noam Gottesman*; Paul Singer; Pierre Lagrange; Ryan Garino; Steve Weller*; Stuart Steckler(retired)*; Teun Johnston
Related Entities: Ascend Multi-Strategy; Ascend Partners Funds I & II; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; Elliott Associates; Elliott International; Elliott Management Corp; Equiduct; GLG Alpha Select Fund; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Medallion; Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; New Castle Re; Nova; Remington Investment Strategies; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Sowood Capital*; Valence Capital Management
Related Article Tags: Investment Management, Fund Manager and General Financial News


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