Biggest Hedge Funds Tend To Be Oldest, Study Shows

May 31 2013 | 11:31am ET

The oldest, largest hedge funds continue to manage the lion's share of the industry's assets, according to a new report.

The top 100 hedge fund managers run $1.4 trillion, according to Preqin's Hedge Fund Spotlight. That's 61% of the global total of $2.3 trillion.

And those firms are also significantly more well-established than the industry as a whole, with a mean founding year of 1994, compared to 2002 for all other managers.

The mean asset level for the top 100 is $13.9 billion; the 17 largest each manage in excess of $20 billion.

Also remaining true: The U.S. is still by far the world's major hedge fund center, with three-quarters of the largest 100 based there. Just 19% are based in Europe.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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