Top Mid-Sized Hedge Funds continue to look Strong, Amass $63 Billion in AUM
|June 25th, 2012||
|The Top 100 Mid-Sized Equity Hedge Funds oversee more than $63 billion in assets, according to a recent report from HedgeTracker. The Top Mid-Sized Hedge Fund list is led by three New York City located hedge fund firms: Corvex Management, Stelliam Investment Management and Marble Arch Investments. |
Corvex Management, which reported equity assets under management of $845M, was founded by Keith Meister in December of 2010. Prior to founding Corvex, the 37 year old Meister served as Vice Chairman of the Board of Carl Icahn’s hedge fund. Corvex Management was seeded by George Soros' Soros Fund Management. The even-driven focused hedge fund’s investment team also includes senior managing directors Nick Graziano and Michael Doniger, who were formerly with Omega Advisors and CR Intrinsic, respectively.
Ross Margolies’ long/short equity focused Stelliam Investment Management reported assets of $837M, while Scott McLellan’s global long/short equity focused Marble Arch Investments reported assets of $831M.
Not surprisingly, the top investment strategy for the Top 100 Mid-Sized Equity Hedge Fund list is Long/Short Equity, which is employed by 31 hedge funds that manage more than $19 billion in assets. Notably, 9 of these long/short hedge funds are global investors.
Additionally, a total of 19 Value focused hedge funds made the top 100 Mid-Sized Hedge Fund list. 11 of the 19 Value hedge funds employ Deep Value strategies, including industry stalwarts Avenue Capital Management and Sandell Asset Management.
Ranking Methodology: The top 100 Mid-Sized Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The list includes the top hedge funds with less than $850 million in U.S. equity assets. To view the Top 100 Hedge Fund list in its entirety, please click here.