Tuesday, 4 August 2015
Last updated 1 hour ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…