Latest Top 10 Hedge Fund List Reveals Citadel as the New #1

March 21st, 2013
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The latest edition of HedgeTracker’s Top Hedge Funds list reveals Citadel Investment Group to have the highest US equity assets under management as of the fourth quarter of 2012. The top spot had previously been held by Renaissance Technologies Corporation who fell to number 2 on the list. Citadel’s US equity assets increased by more than $10 billion to $38.7 billion. The 37% increase Citadel achieved represents the largest increase on this quarter’s list.

Renaissance sat atop the Top Hedge Fund list for more than a year after taking over the position in the third quarter of 2011. Although Renaissance slipped one spot, its assets actually increased by $1.8 billion over the course of the last quarter.

The top 10 hedge funds continue to surge as total equity assets under management increased more than 8% to $225 billion. This remarkable jump comes off the heels of the 6.3% increase the Top 10 Hedge Funds achieved during the third quarter of 2012.

All but three hedge funds in the top 10 saw assets increase over the fourth quarter of 2012. Adage Capital Partners and D.E. Shaw & Co each suffered marginal declines in assets but both retained their positions from the previous quarter of 4 and 5, respectively. Lone Pine Capital’s assets decreased by almost half a billion as the fund fell from 6 to 8 on the top 10 hedge fund list.

Paulson & Co, the owner of the top spot prior to Renaissance, re-entered the top 10 after being 11th for the third quarter of 2012. Paulson inherited the 7th spot on the list after assets increased by $3.5 billion to $16.2 billion. Millennium fell one spot to slip out of the top 10 – even after assets increased by $500 million.

AQR Capital Management LLC and SAC Capital Advisors both achieved asset increases of more than $1 billion for the fourth quarter.

HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top Hedge Fund lists in their entirety, please visit HedgeTracker’s Hedge Fund Ranking Portal.
For Detailed Investor Profiles on these Investors, click below:
Adage Capital Partners
AQR Capital Management LLC
Citadel Investment Group
D.E. Shaw & Co
Lone Pine Capital
Millennium Management
Paulson & Co.
Renaissance Technologies Corporation
Related People: ; Becket Wolf*; Peter Brown; Robert L. Mercer; Andrew Hoine; Anne Dinning; Brandon Haley; Clifford Asness, Ph.D.; David Craver; David E. Shaw; David G. Kabiller; David Grossman; David Nolan; Derek Kaufman; Eric Wepsic; Israel Izzy Englander; Jeff Runnfeldt*; Jim Simons; Joe Squeri; John M. Liew; John Paulson; Jonathan Larkin*;; Julius Gaudio; Kaveh Alamouti*; Kenneth Griffin; Kerry Tyler; Louis Salkind; Mala Gaonkar; Marco Tablada; Mark Stainton; Max Stone; Mena Gerowin*; Michael Gelband; Mike Barr; Phil Gross; Robert Atchinson; Robert J. Krail; Ryan Garino; Sheru Chowdhry; Steve Mandel; Steve Mandel; Steve Weller*; Stuart Merzer; Stuart Steckler(retired)*
Related Entities: Adage Capital Advisors LLC; Adage Capital Partners LP; AQR Absolute Return Master; AQR Delta Master Account; AQR Global Asset Allocation; AQR Global Equity Master; AQR Global Stock Selection; AQR International Equity Fund; AQR RC Equity International; AQR Small Cap Value Fund LP; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; Equiduct; Harvard Management; Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Medallion; Millennium International Fund; Millennium Management LLC; Millennium Partners; Millennium Partners LP; Millennium U.S.A.; New Castle Re; Nova; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Sowood Capital*; Tiger Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports


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