Sunday, 26 April 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…