Top Hedge Funds jump to $875 billion mark, up 13% for the quarter to finish 2013 strong
|March 23rd, 2014||
|The latest Top U.S. Equity Hedge Fund list has been released, revealing that the top 100 hedge funds’ assets increased by more than $100 billion, or 13%, over the last quarter. In aggregate, U.S. equity assets managed by the top 100 hedge funds has reached $875 billion.|
The outsized rise in assets can largely be attributed to the top 10 hedge funds on the Top 100 Equity Hedge Fund list that all experienced growth over the fourth quarter, totaling more than $38 billion. Leading the equity asset surge are Citadel Investment Group (+$7.2B), D.E. Shaw & Co. (+$5.8B), and Icahn Associates (+$3.1B). Citadel’s strong quarter enabled it to unseat Renaissance Technologies Corporation for the top spot. Renaissance recorded a gain of $500M but still fell two spots to #3.
The list welcomed four new entrants this quarter, including Moore Capital Management (#69), Salient Capital Advisors (#94), Alken Asset Management (#96) and Ascend Capital (#97). The biggest gainer, Marshall Wace North America, jumped 30 spots to break into the top 60. GLG Partners (#75) and Elliott Management Corporation (#83) each fell more than 20 spots on the list.
Regionally, Manhattan maintained its place as the center of the hedge fund universe with the greatest amount of hedge fund equity assets under management (~53%). The other major hedge fund hubs represented on the list include the Greenwich/Fairfield County area, Boston and San Francisco.
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 our premium Hedge Fund Ranking Portal.
For Detailed Investor Profiles on these Investors, click below: