Top 100 Hedge Funds up 17%, Power past $550B Mark

June 18th, 2012
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The latest Top 100 U.S. Equity Hedge Fund list has been released, revealing that the top hedge funds’ assets increased by nearly $82 Billion, or 17.3%, since the beginning of 2012. In aggregate, U.S. equity assets managed by the top 100 hedge funds rose to $554.3 billion. The top funds built on their momentum from Q4 2011, during which their assets jumped by 6%.

The growth was led by many of the largest hedge funds from the list, as well as many newcomers. Remarkably, among the top 10 hedge funds on the list, every firm saw its assets rise by over $1.1B during the quarter.

Among the list’s 12 newcomers, which combined managed nearly $30B in assets, are some long standing industry veterans, including Michael Karsch’s Karsch Capital Management and Thomas Kempner’s Davidson Kempner Capital Management. Karsch founded his value focused hedge fund management firm in 2000, after leaving Soros Fund Management, where he was responsible for the venerable firm’s value portfolio.

Thomas Kempner joined his opportunistic distressed and event driven hedge fund firm in 1984, which was then known as M.H. Davidson & Co. In 1990, Kempner and fellow principal Scott Davidson renamed the firm Davidson Kempner Capital Management.

Impressively, 14 hedge funds on the Top 100 Hedge Fund List saw their ranking increase by more than 20 spots. Among the big gainers were George Weiss Associates, Partner Fund Management and Sigma Capital Management.

The largest mover overall was David Tepper and Jack Walton’s Appaloosa Management, which rejoined the rankings after having fallen from the top 100 list during fourth quarter of 2011. The distressed focused Appaloosa Management reported assets of more than $4B.

Notably, 34 hedge fund firms on the list employ Deep Value or Distressed investment styles. Other leading investment styles in the top 100 include arbitrage, event-driven, value, and long/short equity.

HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top 100, Top 200 and Top 300 Hedge Fund lists in their entirety, please visit our Top Hedge Fund List ranking portal.
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For Detailed Investor Profiles on these Investors, click below:
Appaloosa Management
Davidson Kempner Capital Management
Weiss Multi-Strategy Advisers
Karsch Capital Management
Partner Fund Management
Sigma Capital Management
Related People: Anthony Yoseloff; Avram Friedman; Brian Grossman; Christopher Aristides; Christopher James; Conor Bastable; David Tepper; Eric Epstein; Francisco Drohojowski ; George Weiss; Jack Walton; Marvin H. Davidson*; Michael Karsch; Orest B. Stelmach; Ravee Mehta; Rick I. Singh; Robert Brivio; Ryan R. Renteria; Scott Davidson; Steven A. Cohen; Thomas Kempner
Related Entities: Davidson Kempner Advisers; Davidson Kempner Distressed Opportunities; Davidson Kempner Healthcare Fund*; Davidson Kempner Institutional Partners LP; Davidson Kempner International; George Weiss & Associates; Karsch Capital II LP; KCM Alpha Only; M.H. Davidson & Co; MHD Management Co; Weiss Multi-Strategy Advisors; Canvas Capital; CR Intrinsic Investors; Davidson Kempner Partners; George Weiss Associates Inc; GWA LLC ; Karsch Capital I LP; Palomino Funds.; Partner Fund; Partner Healthcare Fund; Partner Principal Fund; Partner Technology Fund; PFM Meritage; SAC Capital Advisors; Sigma Capital LP; Sigma Fixed Income; Weiss Multi-Strategy Partners LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports


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