Top California Hedge Funds cross the $100B mark; ValueAct Capital still in top spot

October 14th, 2015
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The latest list of the Top Hedge Funds from California has been released, revealing that the list’s assets eclipsed the $100 billion threshold. In aggregate, the top funds were up 3% for the quarter, ending at $101 billion in combined assets. The list is once again headlined by ValueAct Capital Management, a GARP investor based out of San Francisco.

This quarter’s list welcomes one new entrants to the top 10: Canyon Capital Advisors (#8, previously #11). Canyon was up nearly 20% over the quarter after assets increased $600 million. Canyon, a multi-strategy fund, is based in Beverly Hills, CA has historically been a credit focused hedge but has about 15% of assets in US equity securities.

This quarter’s list had minimal turnover with only two previously unranked funds making the list: Regis Management Company (#49) and Crescent Park Management (#50). Regis, a multi-strategy fund based in Palo Alto, oversees in $2.5 billion in total assets and employs a team-based, consultative and valuation-driven investment approach. Crescent Park is a long/short fund based in East Palo Alto that maintains a relatively concentrated portfolio with nearly 90% of equity AUM in its top 10 holdings.

Thirty hedge funds on the Top 50 California Hedge Fund list saw their equity assets increase over the first quarter. Leading the top gainers were ValueAct (+$900M), Farallon Capital Management (+$670M) and Meritage Group (+$566M). Interestingly, two of the top 5 funds recorded a decline in assets, including SPO Advisory Group (#3), which dropped by $590 million.

Not surprisingly, eleven sector focused hedge fund managers made the rankings, with their assets accounting for 15% of the list’s overall assets. The sector funds on the list predominantly focus on the Technology, Media, Telecom, Financials, 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
ValueAct Capital Management
Canyon Capital Advisors
SPO Advisory Corp
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; Joshua S. Friedman; Mike Yuen(retired)*; Mitchell R. Julis; Ravi Paidipaty; Thomas Steyer*; William Oberndorf; William Seybold
Related Entities: Blum Capital Partners*; CanPartners Investments; Canyon Balanced Equity Fund; Canyon Capital Arbitrage Fund; Canyon Capital Realty Advisors; Canyon Value Realization Fund; 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: Investment Management, Fund Manager and General Financial News


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