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World’s Biggest Hedge Funds Reach Record Highs

researchNew York (HedgeCo.Net) – Absolute Return just went live with its latest Billion Dollar Club rankings and US hedge funds are now managing their all-time peak assets, with growth at levels not seen since before the financial crisis.

Assets grew by $250 billion over 2013. Last time the industry had growth like this was pre-crisis in 2007 when they grew by $407 billion.

Highlights include:

  • The Club now has 293 firms managing $1.71 trillion, up from $1.46 at the start of 2013
  • In % terms, that’s an increase of 9% in second half of the year, and 17.16% over whole year
  • Growth wasn’t concentrated in just the top firms as growth amongst top 50 was 17.44% over 2013, only slightly ahead of group’s 17.16% growth as a whole
  • Biggest winners: J.P. Morgan, AQR, Adage, Discovery and Och-Ziff
  • Biggest losers: Saba, Regiment, ESL, Standard Pacific, QIM
  • Newcomers: Contour Asset Management, Archer Capital Management, HG Vora Capital Management among others

Alex Akesson
Editor for HedgeCo.net
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