Assets surge by 10% for Top Emerging Hedge Fund Managers; PDT Partners, Corvex Management and Roystone Capital lead the way

June 17th, 2014
| More
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.
For Detailed Investor Profiles on these Investors, click below:
Corvex Management
PDT Partners LLC
PointState Capital
Roystone Capital Management
Related People: Ahmar Ahmad; Anuj Malhotra*; Curry Ford; Keith Meister; Michael Doniger; Nicholas Graziano; Peter Muller; Rich Barrera; Rupal Doshi; Sean Cullinan*; Stanley Druckenmiller*; Tej Arora; Zach Schreiber (CEO)
Related Entities: Alpha Dog LLC; Blackstone Group; Morgan Stanley*; PDT Capital Group LP; PDT Partners; PointState Capital LP; PointState Fund LP; PointState Holdings LLC; Roystone Capital Offshore; Roystone Capital Partners LP; Point State Capital; Process Driven Trading; Roystone Capital Master Fund Ltd
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

Top 200 New York Hedge Funds up $26 billion; Oversee nearly $830 billion

Activist Hedge Fund Performance Inspires New Startups: Sachem Head & Anandar Capital

Leland Lim and Allan Bedwick set to launch Asia-focused Guard Capital Management

Moore Capital Management rehires Chris Levett after Clive Capital failure

Top Small- and Mid-Cap Hedge Funds manage $302 Billion

Bartosz Pawlowski joins Finisterre Capital as its newest Portfolio Manager

HedgeTracker announces new addition to its top hedge funds lists - Top 75 Technology, Media & Telecom Focused Hedge Funds

Top Mid-Sized Hedge Funds oversee $68 Billion; Manikay and Altimeter top the list

Top Healthcare and Biotech Focused Hedge Funds Surge; Oversee $70 Billion in Equity Assets

Third Point’s Daniel Loeb Taking the Fight to Sotheby’s Board in Annual Meeting Showdown