Top Small-Cap Focused Hedge Funds are up 14.4 percent year-to-date; Largest Funds both like Auxilium Pharmaceuticals
|October 22nd, 2014||
|The Top 50 Small-Cap focused hedge funds now manage $28.8 billion in small-cap assets. Overall, the top Small-Cap hedge funds oversee $40.8 billion in equities, dedicating 70.6% of their portfolios to companies with market capitalizations that are less than $2 billion. |
The Top Small-Cap Hedge fund list is led by Deerfield Management, which climbed up the rankings by two spots to take over the top spot. Deerfield Management is a healthcare industry focused hedge fund that is led by James E. Flynn. Deerfield’s largest small-cap bets include $126m in Auxilium Pharmaceuticals (AUXL), $78.9m in Flamel Technologies SA (FLML), $70.4m in NxStage Medical (NXTM) and $59.7m in Keryx Biopharmaceuticals (KERX).
Not surprisingly, New York State is home to 21 of the top 50 Small-Cap hedge funds. While the Empire State is king, Connecticut, California and Massachusetts are also well represented on the list.
Ranking Methodology: The Top 50 Small-Cap Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The Small-Cap list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed small-cap companies, which have market capitalizations that are less than $2 billion. To view the Top Small-Cap Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal.
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