Top Small- and Mid-Cap Hedge Funds manage $302 Billion

June 9th, 2014
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The Top 100 Small-Cap and Mid-Cap focused hedge funds oversee $302 billion in U.S. equity SMID assets, according to the most recent rankings. To be eligible for the top 100 SMID Hedge Fund List, a hedge fund must have more than 50% of its equity assets invested in small-cap and mid-cap companies.

This quarter’s list is once again led by Renaissance Technologies and Millennium Management. Renaissance allocated $22 billion, or 53% of its equity assets, to SMID companies, while Millennium allocated more than $15 billion, or 51% of its equity assets.

Fortress Investment Group, the New York-based Multi-Strategy hedge fund, secured the fourth spot for the second consecutive quarter by investing 90.6% of its equity assets in SMID stocks.

Notably, forty-six hedge funds on the Top 100 SMID Hedge Fund list have more than 70% of their assets invested in SMID equities. RA Capital Management, MHR Fund Management and Marcato Capital Management are among the group of purest small- and mid-cap focused funds on the list, as all three allocated 100% of their equity assets to SMID stocks.

Overall, the Top SMID Hedge Fund list contains a number of the largest U.S. hedge funds overall, demonstrating how important smaller and niche investment opportunities can be for generating consistent alpha.

Ranking Methodology: The Top 100 SMID Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The SMID list includes the top hedge funds with that have more than 50% of their U.S. equity assets invested in small- and mid-cap companies. Mid-Cap equities include U.S. listed stocks with market capitalizations between $2 billion and $10 billion, while Small-Cap equities include U.S. listed stocks with market capitalizations less than $2 billion. To view the Top 100 SMID Hedge Fund list in its entirety, please visit Hedge Tracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Fortress Investment Group
Marcato Capital Management
MHR Fund Management
Millennium Management
RA Capital Management
Renaissance Technologies Corporation
Related People: Peter Brown; Robert L. Mercer; Daniel Mudd*; David Nolan; Dr. Peter Kolchinsky; Israel Izzy Englander; Jim Simons; Jonathan Larkin*;; Jude Driscoll; Mark H. Rachesky; Michael E. Novogratz; Michael Gelband; Randal Nardone; Richard “Mick” McGuire; Robert Kauffman*; Wesley Edens; William F. Callanan*
Related Entities: Marcato II, L.P.; Marcato International Ltd.; Drawbridge Global Macro Funds; Entrepreneur's Guide to a Biotech Startup; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; Logan Circle Partners; Marcato, L.P.; Medallion; MHR Fund; Millennium International Fund; Millennium Management LLC; Millennium Partners; Millennium Partners LP; Millennium U.S.A.; Newcastle Investment Corp; Nova; RA Capital Biotech Fund II LP; RA Capital Biotech Fund LP; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Featured Reports


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