Top Hedge Funds surge past $900 billion Mark for first time, powered by Millennium, DE Shaw, Icahn and Gotham

July 22nd, 2014
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The latest Top U.S. Equity Hedge Fund list has been released, revealing that the top 100 hedge funds now manage $908 billion in assets. Overall, the assets of the top funds have increased by nearly $33 billion, or 4%, year-to-date.

The rise in assets YTD can largely be attributed to the seventeen 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 Millennium Management (+$5.4B), D.E. Shaw & Co (+$4.4B), Icahn Associates (+$2.5B) and Gotham Asset Management (+$2.4B).

Several notable value and event-driven focused equity funds were among the top gainers, including Corvex Management, Fir Tree Partners and Third Point Management.

Not surprisingly, multi-strategy and long/short equity styled funds are again the dominating strategies on the top 100 hedge fund list, overseeing 23% 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 13% and 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, Chicago, 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:
Corvex Management
D.E. Shaw & Co
Fir Tree Partners
Icahn Associates (Carl Icahn)
Millennium Management
Third Point Management Company
Related People: Alexander J. Denner; Anne Dinning; Brett Icahn; Carl Icahn; Daniel Loeb; David E. Shaw; David Nolan; Eric Wepsic; Israel Izzy Englander; James L. Carruthers*; Jeffrey Tannenbaum; Jonathan Larkin*;; Julius Gaudio; Keith A. Meister*; Keith Meister; Louis Salkind; Max Stone; Michael Doniger; Michael Gelband; Munib Islam; Nicholas Graziano; Robert Schwartz; Rupal Doshi; Stuart Steckler(retired)*; Tim Lash
Related Entities: 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; Millennium International Fund; Millennium Management LLC; Millennium Partners; Millennium Partners LP; Millennium U.S.A.; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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