California’s Hedge Fund fall by -9.0%; Hit harder than NYC Funds
|January 31st, 2016||
|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.
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: