78% of the top Mid-Sized Hedge Funds see their Assets increase YTD; Tyrus Capital & Ionic Capital lead the way

June 17th, 2013
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The most recent ranking for the Top 100 Mid-Sized Equity Hedge Funds has been released, revealing that the top hedge funds oversee a combined $65.1 billion in US equities. 78% of the hedge funds on the list saw their equity assets increase year-to-date, while 61% of those funds saw their assets increase by more than $50 million. Leading the top gainers were event-driven focused Tyrus Capital SAM and arbitrage styled Ionic Capital Management LLC.

The Top Mid-Sized Equity Hedge Fund list is led by Palo Alto Investors, Encompass Capital Advisors and Perceptive Advisors LLC. Palo Alto Investors employs a growth company focused long/short equity strategy, while Encompass Capital and Perceptive Advisors focus on Energy sector stocks and Biotech sector stocks, respectively.

Todd Kantor’s Encompass Capital joined the Top Mid-Sized Equity Hedge Fund list for the first time last quarter at the 14th spot. Year-to-date the firm has seen its U.S. equity assets by $75 million, nearly 10%. Notably, Encompass Capital was spun-off by Kantor from Ken Griffin’s Citadel Investment Group in late 2011.

Not surprisingly, the top investment strategy for the Top 100 Mid-Sized Equity Hedge Fund list is Long/Short Equity, which is employed by 33 hedge funds with nearly $22 billion in equity assets. 10 of these long/short hedge funds have a global equity focus.

A total of 12 Deep Value and Distressed focused hedge funds made the top 100 Mid-Sized list. Notably, the deep value group includes Richard Blum’s Blum Capital Partners and P2 Capital Partners, which is led by Blum Capital veteran Claus Moller.

Fourteen specialty managers also made the list with assets topping $9.8 billion. The specialty managers on the list have a range of industry focuses, including: Biotech, Commodities, Energy, Financials, Healthcare, Technology and Tech-Media & Telecom (TMT).

Ranking Methodology: The top 100 Mid-Sized Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The list includes the top hedge funds with less than $850 million in U.S. equity assets. To view the Top 100 Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Blum Capital Partners
Encompass Capital Advisors LLC
Ionic Capital Management LLC
P2 Capital Partners
Palo Alto Investors
Tyrus Capital SAM
Related People: Adam Radosti; Bart Baum; Claus Moller; Dan Stone; Dr. Anthony Yun; Holt Calhoon; Jeremy Sussman; Michael Jacobs; Peter Chidyllo; Richard C. Blum; Todd Kantor; Tony Chedraoui; William Edwards
Related Entities: Encompass Capital Partners; Blum Capital; Blum Capital Partners*; Citadel Investment Group (seeder); Deephaven Capital*; Encompass Capital Fund LP; Encompass Capital Master Fund; Ionic Capital International Ltd; Ionic Capital Master Fund; Ionic Capital Partners LP; P2 Capital Fund; P2 Capital Fund IV LP; P2 Capital Fund Ltd; Palo Alto Global Energy Fund LP; Palo Alto Healthcare Fund LP; Palo Alto Small Cap Fund LP; Palo Alto Technology Fund; Richard C. Blum & Associates; Tyrus Capital
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports

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