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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note