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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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…