Biggest Hedge Funds Run Two-Thirds Of Assets

May 24 2007 | 10:16am ET

The biggest hedge funds in the world are getting bigger and at a faster rate than their smaller peers, according to new report.

Alpha Magazine’s annual survey of hedge fund assets shows that the top 100 hedge funds in the world now manage more than $1 trillion combined, accounting for 68% of all hedge fund assets. Prior to asset growth of 39% last year, the top 100 held 65% of all assets.

JPMorgan edged out Goldman Sachs for the top spot, with $33.1 billion compared to the latter’s $32.5 billion. Connecticut’s Bridgewater Associates was third with $30.2 billion. Other surveys—notably, Absolute Return’s ranking of U.S. managers released earlier this year—show much the same pecking order, with JPMorgan, Goldman and Bridgewater in the top three spots.

And if the hedge fund industry is becoming a battle of the biggest, New York can breathe a sigh of relief. Only one of the top 10 hedge funds in the world—Man Investments, 9th with $18.8 billion—is based in the city’s emerging rival, London. Seven are located in the New York area, with four in the city itself, two in Connecticut and one on Long Island. The remaining two are based in San Francisco.

Rounding out Alpha’s top ten are D.E. Shaw Group ($27.3 billion), Farallon Capital Management ($26.2 billion), Renaissance Technologies ($26 billion), Och-Ziff Capital Management ($21 billion), Barclays Global Investors ($18.9 billion), Man and ESL Investments ($17.5 billion).


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.