This copy is for your personal, non-commercial use only. [2], The Children's Investment Fund Management, "The largest managers of hedge funds (P&I Sep 2020)", https://en.wikipedia.org/w/index.php?title=List_of_hedge_funds&oldid=984260584, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 October 2020, at 03:51. Consequently, the AQR in AQR Capital Management stands for Applied Quantitative Research. "Our fund also benefited from the reduced fears surrounding both the U.S. and European debt crises," explains Mashaal, "and the return of economic growth on both sides of the Atlantic, which together are spurring multiple expansion.". Victor Khosla established Strategic Value Partners in 2001. This copy is for your personal, non-commercial use only. (AIR.France), soared 90% last year. Only assets in private funds following hedge fund strategies are counted. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Some would argue that NYC should hold this title, but with the world’s largest hedge fund by AUM, Bridgewater Associates, just a 10 minute drive up the road from the second largest hedge fund, AQR Capital Management, Connecticut and specifically Greenwich gets this honor. The Top 100 excludes funds that happen to be in a hot industry, region, or specialized asset class. Aristeia is headquartered Greenwich, Connecticut and also has an office in New York City. Clifton Robbins started Blue Harbour Group in 2004. Founded in 1989, L Catterton’s funds have made more than 200 investments in leading consumer brands across all segments of the consumer industry. There are dozens and dozens of hedge funds in Greenwich, CT. As a result, Greenwich is called the hedge fund capital of the world. According to their website, the hedge fund “provides growth capital to small and mid-sized companies in the technology, financial services, and business services sectors”. 37% 23% 21% 12% 5% 1% Long/Short Credit Distressed Fixed Income Mortgage-Backed Strategies Asset-Backed Lending Strategies Specialist Credit Fig. In addition, Paloma was the largest contributor to the Hillary Clinton campaign with a $21,613,800 contribution. His selection of out-of-favor financial and real-estate stocks helped boost his fund's three-year annualized returns to 16.82%. As of Q2 2018, the Gramercy hedge fund had an AUM in excess of $5.7 billion. Barron's Top 100 Hedge Funds is our way of helping you get to know managers and strategies that have succeeded over time. While Blue Harbour invests in the public markets, the hedge fund applies a “private equity approach” its investments according to their website. Only assets in private funds following hedge fund strategies are counted. Some of these managers also manage public funds and offer non-hedge fund strategies. Since then, this Greenwich hedge fund has grown to a team of 114 people at the time of this writing. As of Q4 2018, the Contrarian Capital Management AUM was over $5.3 billion. There are dozens and dozens of hedge funds in Greenwich, CT. As a result, Greenwich is called the hedge fund capital of the world. Silver Point Capital was founded in 2002 by Edward A. Mulé and Robert J. O’Sheais in Greenwich, CT. To help ensure inclusion of professionally run shops that may offer more stability and liquidity, funds must have at least $300 million and three years of reported returns. As of March 2016, the Paloma hedge fund in Greenwich had $4 billion in AUM. As of Q1 2018, Strategic Value Partners had $8.6 billion in AUM. (NRF), that more than doubled last year. Overall, as the world has regained its footing after the Great Recession, returns have begun to revert to more normal levels, below the dramatic, postcrisis figures. As of Q1 2018, Silver Point Capital had over $13.1 billion in AUM. As of December 2018, AQR Capital Management had an AUM of $196 billion and employed around 1,000 people according to its website. You can send Tony a message here. With the help of Barron's Contributing Editor Erin E. Arvedlund, we draw from other trustworthy sources. And the value of his investment in Bloomberg estimates that North Street has an AUM between $10 million and $800 million. However, even the Barron's 100's average of 22.97% for 2013 couldn't keep pace with the S&P's 32.38% return. At the time of this writing, the employees of Sageview are collectively the single largest investor in the fund. "While many investors have been wary of Obamacare," he says, "it has been a boon for much of the health-care sector." Barry Rosenstein's Jana Partners shares a couple of traits with other leading performers in Barron'sTop 100 Hedge Funds. In addition, L Catterton self-proclaims themselves “the largest and most experienced consumer-focused private equity group in the world”. Pieter Taselaar started Lucerne Capital Management in 2000. In comparison, this time around, Glenview's three-year return was a much more modest 32.61%. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Zais fell to No. For the best Barrons.com experience, please update to a modern browser. Aristeia, a noun of Ancient Greek origin is by definition an act of excellence. The prime example would be this year's No. To qualify for our eighth edition of Barron's top-ranked funds, a fund needed at least a 12.25% three-year annualized return, net of fees. As of June 2017, the Blue Harbour Group hedge fund had an AUM over $3 billion. This makes AQR one of the largest hedge funds by AUM. Radian According to some estimates, there are almost 100 hedge funds in Greenwich alone, so this list is not comprehensive by any means. Furthermore, the president and chairman of Haebler Capital, L. Scott Frantz, was a former member of the Connecticut Senate. As of Q2 2018, Viking Global Investors had $25 billion in AUM. (AZJ.Australia), the privatized Australian railroad, jumped 30%. Ned Gilhuly and Scott Stuart started Sageview Capital in 2005. Seems like the hedge fund is doing pretty well since Ellington had asn AUM of over $10.3 billion as of Q4 2018. And with corporate fundamentals starting to drive share-price performance, displacing the common lift that most shares had been receiving from the rising macro tide, Siegel sees opportunities for sharp long/short equity managers. Although L Catterton is headquartered in Greenwich, they have 17 offices globally. Chris Hohn's Children's Investment fund, No. We then contact the managers to verify results, affirming all data and that performance is net of expenses. Even in well-run outfits, notes Robbins, managements remain reluctant five years after the financial crisis to unleash their cash or to exploit their debt capacity. https://www.barrons.com/articles/barrons-top-100-hedge-funds-1400308858, (See related story:Top 100 Hedge Funds for 2015). Discover why Tony quit his dream job to pursue this mission. The hedge fun invests in global public equity markets. Just remember that all hedge funds aren't created equal. The fund had seven names, including mortgage insurer We've detected you are on Internet Explorer. Scores closed their doors last year. This year, many of them are equity specialists that focus on a short list of companies they get to know extremely well. 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