California’s Hedge Fund fall by -9.0%; Hit harder than NYC Funds

January 31st, 2016
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The latest list of the Top Hedge Funds from California has been released, revealing that the list’s assets fell by -9% or $9.1 billion quarter-over-quarter. The top California funds underperformed their East Coast brethren, as the top 50 NYC hedge funds only saw their assets slip by -8%.

The California list is once again headlined by ValueAct Capital Management (GARP), Farallon Capital Management (Long/Short Global Equity) and SPO Advisory (TMT Focused), all of whom saw their equity assets fall Q-O-Q. Although, it wasn’t all bad news for the top CA hedge funds, as 22 of the funds saw their equity assets increase over the quarter. Leading the top gainers were Ares Management and Camden Asset Management.

Twenty-one of the funds on the Top California Hedge Fund List, including ValueAct and Farallon, are headquartered in downtown San Francisco, with an additional fourteen funds being located in the greater Bay Area. Down the coast, ten of the top hedge funds call Los Angeles home, while only five of the top funds are located in the greater San Diego area.

Not surprisingly, thirteen sector focused hedge fund managers made the rankings, with their assets accounting for 17% of the list’s overall assets. The sector funds on the list predominantly focus on the Technology, Media, Telecom, Biotech and Healthcare industries.

Hedge Tracker releases a series of top hedge fund lists on a quarterly basis. To view the Top California Hedge Fund list in its entirety, please visit the Top Hedge Fund List ranking portal.
For Detailed Investor Profiles on these Investors, click below:
Farallon Capital Management
SPO Advisory Corp
ValueAct Capital Management
Related People: ; Andrew J.M. Spokes; David Kim; Dr. Thomas Roberts Jr.; Edward Chung; Edward H. McDermott; Eli Weinberg; Jeffrey W. Ubben; John Harold Scully; John Warren; Mike Yuen(retired)*; Ravi Paidipaty; Thomas Steyer*; William Oberndorf; William Seybold
Related Entities: Blum Capital Partners*; Farallon Capital Institutional Partners; Farallon Capital Partners; Farallon Credit Opportunity; Farallon Special Situations; FKG Capital; Hellman & Friedman; Main Street Partners; Noonday Global Management; SF Advisory Partners; SPO Advisory Co; SPO Partners & Co; ValueAct AllCap International LP; ValueAct Capital International; ValueAct Capital LLC; ValueAct Holdings GP LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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