Renaissance tops list as largest investor in Small- and Mid-Cap Equity assets

July 21st, 2015
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HedgeTracker released its latest Mid-Cap Focused Hedge Fund list with Renaissance Technologies Corporation leading the most recent rankings. Renaissance allocated $24 billion, or 50.2% of its equity assets to small- and mid-cap companies, with 32% going to mid-cap and 18% to small-cap. To be eligible for the top 100 Mid-Cap Focused Hedge Fund List, a hedge fund must have more than 50% of its equity assets invested in small-cap and mid-cap companies.

The remaining top 5 on this quarter’s list include Gotham Asset Management (#2), Fortress Investment Group (#3), Baker Bros Advisors (#4) and Balyasny Asset Management (#5). Fortress, the New York-based Multi-Strategy hedge fund, secured the third spot by investing more than 96% of its equity assets in small- and mid-cap stocks.

Notably, 18 hedge funds on the Top 50 Mid-Cap Focused Hedge Fund list have more than 70% of their assets invested in small- and mid-cap equities. MHR Fund Management and ESL Investments are among the group of purest small- and mid-cap focused funds on the list, as both allocated 100% of their equity assets to small- and mid-cap stocks.

RiverNorth Capital Management, a multi-strategy hedge fund based in Chicago, is the most concentrated small-cap investor on the list with 87% of equity assets in small-cap companies. RiverNorth was founded in 2000 by Brian Schmucker to specialize on opportunistic investment strategies in niche markets.

Overall, the Top Mid-Cap Focused Hedge Fund list contains a number of the largest U.S. hedge funds overall, demonstrating how important smaller and niche investment opportunities can be for generating consistent alpha.

Ranking Methodology: The Top 50 Mid-Cap Focused Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The Mid-Cap list includes the top hedge funds with that have more than 50% of their U.S. equity assets invested in small- and mid-cap companies. Mid-Cap equities include U.S. listed stocks with market capitalizations between $2 billion and $10 billion, while Small-Cap equities include U.S. listed stocks with market capitalizations less than $2 billion. To view the Top 50 Mid-Cap Focused Hedge Fund list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Balyasny Asset Management
ESL Investments
Fortress Investment Group
MHR Fund Management
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Barry Colvin; Daniel Mudd*; Dmitry Balyasny; Eddie Lampert; Jim Simons; Jude Driscoll; Mark H. Rachesky; Michael E. Novogratz; Randal Nardone; Richard Rainwater*; Robert Kauffman*; Scott Schroeder; Taylor O'Malley; Wesley Edens; William C. Crowley; William F. Callanan*
Related Entities: Balyasny Atlas Global; Balyasny Europe Asset Management; Balyasny Phoenix Plus Funds ; Visium Asset Management*; Balyasny Asset Management LP; Drawbridge Global Macro Funds; ESL Institutional Partners; ESL Investments Inc; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; Kmart Holding Corp*; Logan Circle Partners; Medallion; MHR Fund; Newcastle Investment Corp; Nova; RBS Partners; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Sears Holdings (NASDAQ: SHLD)
Related Article Tags: Investment Management, Fund Manager and General Financial News


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