WEST PALM BEACH, FL (HEDGECO.NET) – The New York City based Alpha publication has released its study of the world�s largest hedge funds by assets. According to the results of the newly released data,Caxton Associates, a New York City based asset manager, led by Bruce Kovner, was the largest hedge fund manager, for the second year straight, with investor assets of US $11.5 billion, at the end of2003.
Alpha is a magazine publication of the Institutional Investor; details of the new study were included in the April/May issue of the magazine. Caxton is closely followed by GLG Partners of London, which manages a total of US $11 billion for investors.
The third largest global hedge fund manager is Citigroup Alternative Investments, with a total of $9.9 billion in overall investor-managed assets. According to details provided in the study, the assets managed by the 2004 Hedge Fund 100 group had risen to about US $439 billion at year-end 2003; such data represents about 30 percent increase from the assets managed by members of the group in 2002.
Farallon Capital Management and Citadel Investment Group represent the number four and five with managed assets of US $9.8 and US $9.5 respectively, according to the Alpha study.
In the top 10 of the released study was Stamford-based Andor Capital Management, which tied for the eighth position with George Soros Fund Management of New York. According to Alpha, both asset managers had assets of US $8.3 billion at the end of 2003.
Many New York area hedge fund managers were placed well in the study, Westport-based Bridgewater Associates was at number 10 position, with managed assets of US $8 billion, while number 12 went to the Greenwich-based Tudor Investment Corp., managed by Paul Tudor Jones with a total investor managed assets of US $7.8 billion.
Additional details on the new study could be found at: http://www.institutionalinvestor.com/alpha
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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