Top 100 Hedge Funds Get Even Bigger

Date: Monday, September 12, 2011
Author: HedgeTracker

The latest Top 100 U.S. Equity Hedge Fund list has been released, revealing that the top 100 hedge funds oversee a combined $548 billion in assets under management. Notably, all but two hedge funds on the list have at least $2 billion in AUM. TFS Capital LLC and Harbinger Capital are just below the $2 billion mark with Q2 2011 equity assets of $1,992 million and $1,983 million, respectively.

While the top 5 hedge funds from last quarter held securely onto their previous rankings, hedge funds farther down the Top 100 Hedge Fund List saw their rankings fluctuate significantly. The biggest gainer was Takis Sparaggis’ Alkeon Capital Management, which saw its ranking jump from #79, all the way up to #60. Chase Coleman’s Tiger Global Management (#28) and Samuel Isaly’s OrbiMed Advisors were also big gainers, jumping 17 and 16 spots, respectively. Notably, twelve new hedge funds jumped into the top 100, including Jason Capello’s Merchants' Gate Capital LP, John Thaler’s JAT Capital Management and Seth Klarman’s renowned Baupost Group, among others.

The biggest losers on the list were George Weiss Associates, Caxton Associates, Ivory Investment Management, Moore Capital Management and Perry Capital, all of which fell by at least 20 spots.

Regionally, New York City maintained its dominance as the center of the hedge fund universe with the greatest amount of assets under management. The other major hedge fund hubs represented on the list include Greenwich/Stamford (with nearly $100bn), Boston, Chicago and San Francisco.

The top 100 hedge fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. Beyond AUM, the top 100 Hedge Funds list also provides: investment styles, locations and contact information for all of the top hedge funds. To view the Top 100 Hedge Fund list in its entirety, please click here.