Thursday, 29 January 2015
Last updated 1 hour ago
Apr 27 2011 | 11:36am ET
The Man Group reclaimed a title it lost some time ago with its acquisition of GLG Partners, becoming once again the world's largest hedge fund.
The London-based firm saw its assets under management swell by almost $30 billion in the six months ended April 7, Bloomberg data shows. Most of that increase comes from the GLG merger; Man's former rival brought some $25 billion in assets when Man paid $1.6 billion for it in October.
The Man-GLG merger pushed Bridgewater Associates—in recent years the perennial world's largest hedge fund—into second place with $62 billion to Man's $69 billion. Likewise, JPMorgan Asset Management dropped one spot to third place, with $45.5 billion.
By one measure, JPMorgan should actually be considered the world's largest hedge fund: Its Highbridge Capital Management is the ninth-largest hedge fund in the world in its own right with $25 billion in assets, down 7.4% from six months ago, when it was the sixth largest.
Paulson & Co. and Brevan Howard Asset Management swapped fourth and fifth place, with the former now boasting $36 billion in assets, a 13% increase. The latter manages $32.3 billion.
Other movers in the top 10 were Och-Ziff Capital Management, which rose from eighth to sixth place with a 9.1% increase in assets under management to $28.7 billion. And BlackRock leapt into the top 10 at Och-Ziff's old spot after its assets rose 17% to $26.6 billion.
The was one new entrant into the top 20: London's Winton Capital Management, which jumped from 22nd place to 15th at $20 billion, a 34% jump. Moore Capital Management dropped from the ranks to 22nd with $15 billion, unchanged from six months ago.
All told, assets managed by the world's 20 largest hedge funds rose 10% to $582.6 billion.
World's Top 20 Hedge Funds
|1||Man Group||$69.0 billion|
|2||Bridgewater Associates||$62.0 billion|
|3||JPMorgan Chase||$45.5 billion|
|4||Paulson & Co.||$36.0 billion|
|5||Brevan Howard Asset Management||$32.3 billion|
|6||Och-Ziff Capital Management||$28.7 billion|
|7||Soros Fund Management||$27.0 billion|
|9||Highbridge Capital Management||$25.0 billion|
|10||BlueCrest Capital Management||$24.5 billion|
|11||Baupost Group||$24.0 billion|
|11||Cerberus Capital Management||$24.0 billion|
|13||Angelo Gordon & Co.||$23.5 billion|
|14||Farallon Capital Management||$21.5 billion|
|15||Winton Capital Management||$20.0 billion|
|16||King Street Capital Management||$19.9 billion|
|17||Goldman Sachs Asset Management||$19.8 billion|
|18||Canyon Partners||$19 billion|
|19||Renaissance Technologies||$17.1 billion|
|19||Elliott Management||$17.1 billion|
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…