|The Top Emerging Hedge Fund Managers now manage $66.5 billion in U.S. equity assets, according to the latest hedge fund industry report. Overall, the top Emerging Equity Hedge Funds have seen their equity assets jump by $6 billion, or 10% year-to-date. |
An impressive 64% of the hedge funds on the list have seen their assets increase YTD. Leading the top gainers are PDT Partners ($3.4B), Corvex Management (+$2.4B) and Roystone Capital Management (+$515M)
The Top Emerging Manager List is led by Corvex Management, which reported assets of $6.4B. Founded by Carl Icahn protégé Keith Meister in 2010, Corvex is an event-driven and opportunistic investor that trades across the capital structure.
Global Macro specialist PointState Capital reported equity assets of $6.3 billion at the end of the quarter, which was enough for it to claim the number two spot on the list. PointState Capital was founded in 2010 by CEO Cullinan and six of his former colleagues from Stanley Druckenmiller’s Duquesne Capital Management. The firm has been a regular on HedgeTracker’s Top Emerging Manager list since its inception.
Ranking Methodology: The Top U.S. Equity Emerging Manager Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets. The Emerging Hedge Fund rankings include firms that were launched in 2009 or later. To view the list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.