Top Small-Cap Focused Hedge Funds are up 14.4 percent year-to-date; Largest Funds both like Auxilium Pharmaceuticals

October 22nd, 2014
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The Top 50 Small-Cap focused hedge funds now manage $28.8 billion in small-cap assets. Overall, the top Small-Cap hedge funds oversee $40.8 billion in equities, dedicating 70.6% of their portfolios to companies with market capitalizations that are less than $2 billion.

The Top Small-Cap Hedge fund list is led by Deerfield Management, which climbed up the rankings by two spots to take over the top spot. Deerfield Management is a healthcare industry focused hedge fund that is led by James E. Flynn. Deerfield’s largest small-cap bets include $126m in Auxilium Pharmaceuticals (AUXL), $78.9m in Flamel Technologies SA (FLML), $70.4m in NxStage Medical (NXTM) and $59.7m in Keryx Biopharmaceuticals (KERX).

Claiming the #2 spot of the list is Raymond Debbane’s Artal Group. The multi-strategy firm has a mix of private equity and public equity stakes in its portfolio. Its largest bets include a long-term and controlling 50% stake in Weight Watchers International (WWI), as well as a 49% in Lexicon Pharmaceuticals Inc (LXRX). Like Deerfield, Debbane’s hedge fund has also taken a liking to Auxilium Pharmaceuticals (AUXL), holding $40.4m in the specialty biopharmaceutical company.

Not surprisingly, New York State is home to 21 of the top 50 Small-Cap hedge funds. While the Empire State is king, Connecticut, California and Massachusetts are also well represented on the list.

Ranking Methodology: The Top 50 Small-Cap Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The Small-Cap list includes the top hedge funds that have more than 50% of their U.S. equity assets invested in U.S. listed small-cap companies, which have market capitalizations that are less than $2 billion. To view the Top Small-Cap Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Deerfield Management Co
Related People: James E. Flynn
Related Entities: Deerfield Capital; Deerfield International LTD; Deerfield Special Situations
Related Article Tags: Investment Management, Fund Manager and General Financial News; Top Hedge Fund Portfolio Reports


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