Top Mid-Sized Hedge Funds oversee $68 Billion; Manikay and Altimeter top the list

April 27th, 2014
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The list of the Top 100 Mid-Sized Equity Hedge Funds has been released, revealing that the top hedge funds oversee a combined $68 billion in US equities. The Top Mid-Sized Hedge Fund list is led by Manikay Partners and Altimeter Capital Management.

Manikay Partners was founded in 2008 by Shane Finemore with backing from Goldman Sachs. Manikay employs an opportunistic investment strategy that has a global long-bias. The firm also makes short-term arbitrage bets in North American stocks. Prior to founding Manikay, Mr Finemore was in charge of the fundamental investment group in UBS’s investment banking division. .

Altimeter Capital is an alternative asset management company dedicated to fundamental research and investing. Altimeter was founded in 2008 by Brad Gerstner with less than $3 million in assets. Altimeter takes a private equity approach to public market investing by taking concentrated positions, both long and short, in companies and sectors where they believe they have differentiated expertise. In 2013, Altimeter raised $75 million for a venture fund to invest in startup internet and software companies. .

Not surprisingly, the top investment strategy for the Top 100 Mid-Sized Equity Hedge Fund list is Long/Short, which is employed by 31 hedge funds that manage almost $22 billion in assets. Five of these long/short hedge funds are global equity focused investors.

A total of 11 Deep Value and Distressed focused hedge funds made the top 100 Mid-Sized Hedge Fund list, including industry stalwart Blum Capital Partners.

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 visit the premium Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Blum Capital Partners
Manikay Partners
The Blackstone Group
Related People: Ashish Kishore; David Drinkwater; Peter G. Peterson; Richard C. Blum; Shane Finemore; Stephen A. Schwarzman
Related Entities: Blackstone Kailix Advisors*; Blum Capital; GSO Capital Partners LP; Manikay Capital; Manikay Partners Fund; Richard C. Blum & Associates
Related Article Tags: Investment Management, Fund Manager and General Financial News

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