Atticus Capital announced today it will return $3 billion to investors from two funds, including its flagship hedge fund, the Atticus Global Fund. The fund has not performed well over the last couple years. The Atticus Global Fund was down 25% in 2008 and 9% in 2009 YTD.
As recently as 2007, Atticus Capital had $3.7 billion in assets under management (AUM).
According to Atticus founder, Timothy Barakett, the move was for personal reasons and not in response to investor redemptions.
The $1.2 billion dollar Atticus European Fund will remain open.
Atticus Capital typically employs a merger arbitrage and risk arbitrage, as well as event driven strategies and was founded in 1995 by Timothy Barakett at the age of 29. Atticus is based in New York with an additional office in London.
Contact info for Atticus Capital:
Atticus Capital
767 5th Avenue
New York, NY 10153
Phone: 212-256-8000
Hedge Fund Information, Hedge Fund Performance, Hedge Fund Lists, Hedge Fund Jobs, Hedge Fund Returns,regulation of Hedge Funds Hedge Fund Performance, and Fund of Funds, and Fund of Hedge Funds
8.06.2009
Worst Performing Hedge Fund Strategies 2009 (YTD)
The worst performing hedge fund sectors for YTD (through June 30, 2009):
#1. Short Biased -5.20%
#2. Market Neutral +4.74%
#3. Europe +5.02%
#4. Merger Arbitrage ++5.33%
Source: Hennessee Group
Note that all hedge fund strategies, with the exception of short biased, outperformed the Dow and S&P500.
#1. Short Biased -5.20%
#2. Market Neutral +4.74%
#3. Europe +5.02%
#4. Merger Arbitrage ++5.33%
Source: Hennessee Group
Note that all hedge fund strategies, with the exception of short biased, outperformed the Dow and S&P500.
Best Performing Hedge Fund Sectors of 2009 (YTD)
The best performing hedge fund sectors for YTD (through June 30, 2009):
#1. Latin America (LATAM) +26.05%
#2. Convertible Arbitrage +21.48%
#3. Distressed +17.16%
#4. Multiple Arbitrage +16.20%
Source: Hennessee Group
Interestingly, only the top 3 hedge fund strategies above even beat the NASDAQ's 16.36% return YTD.
Overall, the index is up 11.74% through the first half of the year, beating all the major US equity indeces, except for the NASDAQ.
#1. Latin America (LATAM) +26.05%
#2. Convertible Arbitrage +21.48%
#3. Distressed +17.16%
#4. Multiple Arbitrage +16.20%
Source: Hennessee Group
Interestingly, only the top 3 hedge fund strategies above even beat the NASDAQ's 16.36% return YTD.
Overall, the index is up 11.74% through the first half of the year, beating all the major US equity indeces, except for the NASDAQ.
50 Largest US Hedge Funds (AUM)
Below is a list of the Top 50 US Hedge Funds including location, strategy and AUM, ranked by Assets Under Management for 2009:
Note: View the updated list of Top 100 US Hedge Funds 2017
TOP 50 US HEDGE FUNDS
1. Bridgewater Associates
Location: Westport, CT
Strategy: Multi Strategy, Global Macro
AUM: $38.00 billion
2. JPMorgan Asset Management
Location: New York, NY
Strategy: Long/Short Equity
AUM: $32.89 billion
3. Paulson & Co.
Location: New York, NY
Strategy: Credit, Multi Strategy, Merger Arbitrage
AUM: $29.00 billion
4. D.E. Shaw & Company
Location: New York, NY
Strategy: Multi Strategy, Global Macro
AUM: $28.60 billion
5. Och-Ziff Capital Management
Location: New York, NY
AUM: $22.10 billion
6. Soros Fund Management
Location: New York, NY
Strategy: Global Macro
AUM: $21.00 billion
7. Goldman Sachs Asset Management
Location: New York, NY
AUM: $20.59 billion
8. Renaissance Technologies Corporation
Location: East Setauket, NY
Strategy: Quantitative Long/Short Equity
AUM: $20.00 billion
9. Farallon Capital Management
Location: San Francisco, CA
Strategy: Multi Strategy
AUM: $20.00 billion
10. Baupost Group
Location: Boston, MA
AUM: $16.80 billion
11. Moore Capital Management
Location: New York, NY
Strategy: Global Macro, Fixed Income, Long/Short Equity
AUM: $16.50 billion
12. Avenue Capital Group
Location: New York, NY
Strategy: Distressed Debt
AUM: $16.20 billion
13. King Street Capital Management
Location: New York, NY
AUM: $15.90 billion
14. Angelo, Gordon & Company
Location: New York, NY
Strategy: Multi strategy
AUM: $14.00 billion
15. Fortress Investment Group
Location: New York, NY
Strategy: Global Macro, Event Driven
AUM: $13.66 billion
16. Lone Pine Capital
Location: Greenwich, CT
Strategy: Long/Short Equity
AUM: $13.00 billion
17 . Elliott Management Corporation
Location: New York, NY
AUM: $12.80 billion
18. Eton Park Capital
Location: New York, NY
Strategy: Multi Strategy
AUM: $12.00 billion
19. SAC Capital Advisors
Location: Stamford, CT
AUM: $12.00 billion
20. Cerberus Capital Management
Location: New York, NY
Strategy: Distressed Debt
AUM: $11.90 billion
21. FX Concepts
Location: New York, NY
Strategy: Emerging Market Debt
AUM: $11.74 billion
22. Millenium Management
Location: New York, NY
Strategy: Multi Strategy
AUM: $11.70 billion
23. Tudor Investment Corporation
Location: Greenwich, CT
Strategy: Long/Short Equity, Global Macro
AUM: $11.37 billion
24. Citadel Investment Group
Location: Chicago, IL
Strategy: Multi Strategy
AUM: $10.72 billion
25. TPG-Axon Capital Management
Location: New York, NY
Strategy: Global Macro
AUM: $10.60 billion
26. ESL Investments
Location: Greenwich, CT
AUM: $10.50 billion
27. Duquesne Capital Management
Location: Pittsburgh, PA
Strategy: Distressed Debt, Multi Strategy
AUM: $10.00 billion
28. Wellington Capital Management
Location: Boston, MA
AUM: $10.00 billion
29. GoldenTree Asset Management
Location: New York, NY
AUM: $10.00 billion
30. Davidson Kempner Capital Management
Location: New York, NY
Strategy: Distress Debt, Long/Short Equity, Multi Strategy
AUM: $9.70 billion
31. Maverick Capital
Location: New York, NY
Strategy: Long/Short Equity
AUM: $9.70 billion
32. Viking Global Investors
Location: Greenwich, CT
AUM: $9.66 billion
33. Canyon Capital Advisors
Location: Los Angeles, CA
Strategy: Arbitrage
AUM: $9.38 billion
34. GMO
Location: Boston, MA
AUM: $9.00 billion
35. Bain Capital
Location: Boston, MA
AUM: $8.80 billion
36. Stark Investments
Location: St. Francis, WI
Strategy: Multi Strategy, Emerging Markets
AUM: $8.67 billion
37. Convexity Capital Management
Location: Boston, MA
AUM: $8.50 billion
38. QVT Financial
Location: New York, NY
Strategy: Multi Strategy
AUM: $8.50 billion
39. Perry Capital
Location: New York, NY
Strategy: Multi Strategy
AUM: $8.33 billion
40. Adage Capital Management
Location: Boston, MA
AUM: $8.00 billion
41. Caxton Associates
Location: New York, NY
AUM: $8.00 billion
42. Atticus Capital
Location: New York, NY
Strategy: Activist
AUM: $8.00 billion
43. York Capital Management
Location: New York, NY
Strategy: Event Driven, Distressed Debt, Multi Strategy
AUM: $7.80 billion
44. Highfields Capital Management
Location: Boston, MA
AUM: $7.80 billion
45. Black River Asset Management
Location: Minnetonka, MN
Strategy: Multi Strategy
AUM: $7.44 billion
46. Harbinger Capital Partners
Location: New York, NY
AUM: $7.10 billion
47. Taconic Capital Advisors
Location: New York, NY
AUM: $7.10 billion
48. Magnetar Capital
Location: New York, NY
AUM: $7.10 billion
49. HBK Capital Management
Location: Dallas, TX
Strategy: Multi Strategy
AUM: $7.10 billion
50. Marathon Asset Management
Location: New York, NY
Strategy: Emerging Markets, Long/Short Equity, Event Driven, Distressed Debt
AUM: $7.00 billion
Source: Institutional Investor
Also, see the list of the Top 100 Largest Hedge Funds in the World
Note: View the updated list of Top 100 US Hedge Funds 2017
TOP 50 US HEDGE FUNDS
1. Bridgewater Associates
Location: Westport, CT
Strategy: Multi Strategy, Global Macro
AUM: $38.00 billion
2. JPMorgan Asset Management
Location: New York, NY
Strategy: Long/Short Equity
AUM: $32.89 billion
3. Paulson & Co.
Location: New York, NY
Strategy: Credit, Multi Strategy, Merger Arbitrage
AUM: $29.00 billion
4. D.E. Shaw & Company
Location: New York, NY
Strategy: Multi Strategy, Global Macro
AUM: $28.60 billion
5. Och-Ziff Capital Management
Location: New York, NY
AUM: $22.10 billion
6. Soros Fund Management
Location: New York, NY
Strategy: Global Macro
AUM: $21.00 billion
7. Goldman Sachs Asset Management
Location: New York, NY
AUM: $20.59 billion
8. Renaissance Technologies Corporation
Location: East Setauket, NY
Strategy: Quantitative Long/Short Equity
AUM: $20.00 billion
9. Farallon Capital Management
Location: San Francisco, CA
Strategy: Multi Strategy
AUM: $20.00 billion
10. Baupost Group
Location: Boston, MA
AUM: $16.80 billion
11. Moore Capital Management
Location: New York, NY
Strategy: Global Macro, Fixed Income, Long/Short Equity
AUM: $16.50 billion
12. Avenue Capital Group
Location: New York, NY
Strategy: Distressed Debt
AUM: $16.20 billion
13. King Street Capital Management
Location: New York, NY
AUM: $15.90 billion
14. Angelo, Gordon & Company
Location: New York, NY
Strategy: Multi strategy
AUM: $14.00 billion
15. Fortress Investment Group
Location: New York, NY
Strategy: Global Macro, Event Driven
AUM: $13.66 billion
16. Lone Pine Capital
Location: Greenwich, CT
Strategy: Long/Short Equity
AUM: $13.00 billion
17 . Elliott Management Corporation
Location: New York, NY
AUM: $12.80 billion
18. Eton Park Capital
Location: New York, NY
Strategy: Multi Strategy
AUM: $12.00 billion
19. SAC Capital Advisors
Location: Stamford, CT
AUM: $12.00 billion
20. Cerberus Capital Management
Location: New York, NY
Strategy: Distressed Debt
AUM: $11.90 billion
21. FX Concepts
Location: New York, NY
Strategy: Emerging Market Debt
AUM: $11.74 billion
22. Millenium Management
Location: New York, NY
Strategy: Multi Strategy
AUM: $11.70 billion
23. Tudor Investment Corporation
Location: Greenwich, CT
Strategy: Long/Short Equity, Global Macro
AUM: $11.37 billion
24. Citadel Investment Group
Location: Chicago, IL
Strategy: Multi Strategy
AUM: $10.72 billion
25. TPG-Axon Capital Management
Location: New York, NY
Strategy: Global Macro
AUM: $10.60 billion
26. ESL Investments
Location: Greenwich, CT
AUM: $10.50 billion
27. Duquesne Capital Management
Location: Pittsburgh, PA
Strategy: Distressed Debt, Multi Strategy
AUM: $10.00 billion
28. Wellington Capital Management
Location: Boston, MA
AUM: $10.00 billion
29. GoldenTree Asset Management
Location: New York, NY
AUM: $10.00 billion
30. Davidson Kempner Capital Management
Location: New York, NY
Strategy: Distress Debt, Long/Short Equity, Multi Strategy
AUM: $9.70 billion
31. Maverick Capital
Location: New York, NY
Strategy: Long/Short Equity
AUM: $9.70 billion
32. Viking Global Investors
Location: Greenwich, CT
AUM: $9.66 billion
33. Canyon Capital Advisors
Location: Los Angeles, CA
Strategy: Arbitrage
AUM: $9.38 billion
34. GMO
Location: Boston, MA
AUM: $9.00 billion
35. Bain Capital
Location: Boston, MA
AUM: $8.80 billion
36. Stark Investments
Location: St. Francis, WI
Strategy: Multi Strategy, Emerging Markets
AUM: $8.67 billion
37. Convexity Capital Management
Location: Boston, MA
AUM: $8.50 billion
38. QVT Financial
Location: New York, NY
Strategy: Multi Strategy
AUM: $8.50 billion
39. Perry Capital
Location: New York, NY
Strategy: Multi Strategy
AUM: $8.33 billion
40. Adage Capital Management
Location: Boston, MA
AUM: $8.00 billion
41. Caxton Associates
Location: New York, NY
AUM: $8.00 billion
42. Atticus Capital
Location: New York, NY
Strategy: Activist
AUM: $8.00 billion
43. York Capital Management
Location: New York, NY
Strategy: Event Driven, Distressed Debt, Multi Strategy
AUM: $7.80 billion
44. Highfields Capital Management
Location: Boston, MA
AUM: $7.80 billion
45. Black River Asset Management
Location: Minnetonka, MN
Strategy: Multi Strategy
AUM: $7.44 billion
46. Harbinger Capital Partners
Location: New York, NY
AUM: $7.10 billion
47. Taconic Capital Advisors
Location: New York, NY
AUM: $7.10 billion
48. Magnetar Capital
Location: New York, NY
AUM: $7.10 billion
49. HBK Capital Management
Location: Dallas, TX
Strategy: Multi Strategy
AUM: $7.10 billion
50. Marathon Asset Management
Location: New York, NY
Strategy: Emerging Markets, Long/Short Equity, Event Driven, Distressed Debt
AUM: $7.00 billion
Source: Institutional Investor
Also, see the list of the Top 100 Largest Hedge Funds in the World
Top Hedge Fund Countries
Below is a list of countries with the most hedge funds listed in the Top 100 Largest Hedge Funds:
# 1. USA - 76%
#2. United Kingdon - 19%
#3. France - 1%
#4. Japan - 1 %
#5. Sweden - 1%
#6. Brazil - 1 %
As you can see, more than three quarters of the world's largest hedge funds are located in the US, with fully 56% of the US' largest funds based out of New York. New York has more funds in the hedge fund 100 than all other countries combined. However, these numbers do not fairly depict the number of hedge funds in each country for all funds. Large funds are disproportionately located in mega financial centers like New York and London.
# 1. USA - 76%
#2. United Kingdon - 19%
#3. France - 1%
#4. Japan - 1 %
#5. Sweden - 1%
#6. Brazil - 1 %
As you can see, more than three quarters of the world's largest hedge funds are located in the US, with fully 56% of the US' largest funds based out of New York. New York has more funds in the hedge fund 100 than all other countries combined. However, these numbers do not fairly depict the number of hedge funds in each country for all funds. Large funds are disproportionately located in mega financial centers like New York and London.
Top Hedge Fund Cities (Based on AUM)
Below is a list of the top hedge fund cities based on assets under management (for Top 100 hedge funds).
#1. New York - 46.6%
#2. London - 20.5%
#3. Boston - 6.9%
#4. Greenwich - 6.5%
#5. Wesport - 3.9%
#6. San Francisco - 2.7%
The above list of top hedge fund cities in the world is based on assets under management at the Top 100 Largest Hedge Funds
#1. New York - 46.6%
#2. London - 20.5%
#3. Boston - 6.9%
#4. Greenwich - 6.5%
#5. Wesport - 3.9%
#6. San Francisco - 2.7%
The above list of top hedge fund cities in the world is based on assets under management at the Top 100 Largest Hedge Funds
The Top Hedge Fund Cities - Most Hedge Funds
Below is a breakdown of the cities with the most hedge funds, based on the Top 100 Hedge Funds.
#1 New York - 43% of largest hedge funds
#2 London - 19% of largest hedge funds
#3 Boston - 6% of largest hedge funds
#4 Greenwich - 6% of largest hedge funds
#5 Dallas - 3% of largest hedge funds
#6 San Francisco - 2% of largest hedge funds
The above list of top hedge fund cities in the world is based on number of firms listed on the Top 100 Largest Hedge Funds
#1 New York - 43% of largest hedge funds
#2 London - 19% of largest hedge funds
#3 Boston - 6% of largest hedge funds
#4 Greenwich - 6% of largest hedge funds
#5 Dallas - 3% of largest hedge funds
#6 San Francisco - 2% of largest hedge funds
The above list of top hedge fund cities in the world is based on number of firms listed on the Top 100 Largest Hedge Funds
Top 100 Largest Hedge Funds
NOTE: Please see the updated TOP 75 Hedge Funds 2016 or view the Top 250 Global Hedge Funds 2017
1. Bridgewater Associates
Location: Westport, CT
AUM: $38.00 billion
2. JPMorgan Asset Management
Location: New York, NY
AUM: $32.89 billion
3. Paulson & Co.
Location: New York, NY
AUM: $29.00 billion
4. D.E. Shaw & Company
Location: New York, NY
AUM: $28.60 billion
5. Brevan Howard Asset Management
Location: London, UK
AUM: $26.84 billion
6. MAN Investments
Location: London, UK
AUM: $24.40 billion
7. Och-Ziff Capital Management
Location: New York, NY
AUM: $22.10 billion
8. Soros Fund Management
Location: New York, NY
AUM: $21.00 billion
9. Goldman Sachs Asset Management
Location: New York, NY
AUM: $20.59 billion
10. Renaissance Technologies Corporation
Location: East Setauket, NY
AUM: $20.00 billion
11. Farallon Capital Management
Location: San Francisco, CA
AUM: $20.00 billion
12. Barclays Global Investors
Location: London, UK
AUM: $17.00 billion
13. Baupost Group
Location: Boston, MA
AUM: $16.80 billion
14. BlueBay Asset Management
Location: London, UK
AUM: $16.70 billion
15. Moore Capital Management
Location: New York, NY
AUM: $16.50 billion
16. Avenue Capital Group
Location: New York, NY
AUM: $16.20 billion
17. King Street Capital Management
Location: New York, NY
AUM: $15.90 billion
18. Angelo, Gordon & Company
Location: New York, NY
AUM: $14.00 billion
19. Fortress Investment Group
Location: New York, NY
AUM: $13.66 billion
20. BlueCrest Capital Management
Location: London, UK
AUM: $13.27 billion
21. Lone Pine Capital
Location: Greenwich, CT
AUM: $13.00 billion
22. Elliott Management Corporation
Location: New York, NY
AUM: $12.80 billion
23. Winton Capital Management
Location: London, UK
AUM: $12.40 billion
24. Eton Park Capital
Location: New York, NY
AUM: $12.00 billion
25. SAC Capital Advisors
Location: Stamford, CT
AUM: $12.00 billion
26. Landsowne Partners
Location: London, UK
AUM: $12.00 billion
27. Cerberus Capital Management
Location: New York, NY
AUM: $11.90 billion
28. FX Concepts
Location: New York, NY
AUM: $11.74 billion
29. Millenium Management
Location: New York, NY
AUM: $11.70 billion
30. GLG Partners
Location: London, UK
AUM: $11.50 billion
31. Tudor Investment Corporation
Location: Greenwich, CT
AUM: $11.37 billion
32. Citadel Investment Group
Location: Chicago, IL
AUM: $10.72 billion
33. Axon Capital Management
Location: New York, NY
AUM: $10.60 billion
34. ESL Investments
Location: Greenwich, CT
AUM: $10.50 billion
35. Duquesne Capital Management
Location: Pittsburgh, PA
AUM: $10.00 billion
36. Wellington Capital Management
Location: Boston, MA
AUM: $10.00 billion
37. GoldenTree Asset Management
Location: New York, NY
AUM: $10.00 billion
38. Davidson Kempner Capital Management
Location: New York, NY
AUM: $9.70 billion
39. Maverick Capital
Location: New York, NY
AUM: $9.70 billion
40. Viking Global Investors
Location: Greenwich, CT
AUM: $9.66 billion
41. The Children's Investment Fund
Location: London, UK
AUM: $9.40 billion
42. Canyon Capital Advisors
Location: Los Angeles, CA
AUM: $9.38 billion
43. Sloane Robinson
Location: London, UK
AUM: $9.10 billion
44. GMO
Location: Boston, MA
AUM: $9.00 billion
45. Bain Capital
Location: Boston, MA
AUM: $8.80 billion
46. Stark Investments
Location: St. Francis, WI
AUM: $8.67 billion
47. Convexity Capital Management
Location: Boston, MA
AUM: $8.50 billion
48. QVT Financial
Location: New York, NY
AUM: $8.50 billion
49. Perry Capital
Location: New York, NY
AUM: $8.33 billion
50. Adage Capital Management
Location: Boston, MA
AUM: $8.00 billion
51. Caxton Associates
Location: New York, NY
AUM: $8.00 billion
52. Atticus Capital
Location: New York, NY
AUM: $8.00 billion
53. York Capital Management
Location: New York, NY
AUM: $7.80 billion
54. Highfields Capital Management
Location: Boston, MA
AUM: $7.80 billion
55. Black River Asset Management
Location: Minnetonka, MN
AUM: $7.44 billion
56. Harbinger Capital Partners
Location: New York, NY
AUM: $7.10 billion
57. Taconic Capital Advisors
Location: New York, NY
AUM: $7.10 billion
58. Magnetar Capital
Location: New York, NY
AUM: $7.10 billion
59. HBK Capital Management
Location: Dallas, TX
AUM: $7.10 billion
60. Marathon Asset Management
Location: New York, NY
AUM: $7.00 billion
61. Blue Ridge Capital
Location: New York, NY
AUM: $7.00 billion
62. HSBC
Location: London, UK
AUM: $6.90 billion
63. Mariner Investment Group
Location: Harrison, NY
AUM: $6.80 billion
64. Symphony Asset Management
Location: San Francisco, CA
AUM: $6.70 billion
65. Marshall Wallace
Location: London, UK
AUM: $6.60 billion
66. Horseman Capital Management
Location: London, UK
AUM: $6.52
67. CQS
Location: London, UK
AUM: $6.50 billion
68. Silver Point Capital
Location: Greenwich, CT
AUM: $6.5 billion
69. Shumway Capital Partners
Location: Greenwich, CT
AUM: $6.50 billion
70. AQR Capital Management
Location: Greenwich, CT
AUM: $6.40 billion
71. Gartmore Investment Management
Location: London, UK
AUM: $6.16 billion
72. Anchorage Advisors
Location: New York, NY
AUM: $6.00 billion
73. Kynikos
Location: New York, NY
AUM: $6.00 billion
74. BlackRock
Location: New York, NY
AUM: $5.61 billion
75. Tiger Asia Management
Location: New York, NY
AUM: $5.60
76. Morgan Stanley Investment Management
Location: New York, NY
AUM: $5.50 billion
77. Dexia Asset Management
Location: Paris, France
AUM: $5.47 billion
78. Sparx Group
Location: Tokyo, Japan
AUM: $5.43 billion
79. Alternative and Quantitative Investments
Location: Chicago, IL
AUM: $5.43 billion
80. Spinnaker Capital
Location: London, UK
AUM: $5.40 billion
81. Cheyne Capital Management
Location: London, UK
AUM: $5.23 billion
82. AllianceBernstein
Location: New York, NY
AUM: $5.1 billion
83. Greenlight Capital
Location: New York, NY
AUM: $5.1 billion
84. Appaloosa Management
Location: Chatham, NJ
AUM: $5.1 billion
85. Galleon Group
Location: New York, NY
AUM: $5.00 billion
86. Cantillon Capital Management
Location: New York, NY
AUM: $5.00 billion
87. Centaurus Energy
Location: Houston, TX
AUM: $5.0o billion
88. Thames River Capital
Location: London, UK
AUM: $4.9 billion
89. Campbell & Co.
Location: Towson, MD
AUM: $4.9 billion
90. Graham Capital Management
Location: Rowayton, CT
AUM: $4.72 billion
91. Pershing Square Capital Management
Location: New York, NY
AUM: $4.70 billion
92. Icahn Capital
Location: New York, NY
AUM: $4.63 billion
93. BlueMountain Capital Management
Location: New York, NY
AUM: $4.60 billion
94. Glenview Capital Management
Location: New York, NY
AUM: $4.46 billion
95. Varde Partners
Location: Minneapolis, MN
AUM: $4.40 billion
96. Brummer and Partners
Location: Stockholm, Sweden
AUM: $4.39 billion
97. Tewksbury Capital Management
Location: Hamilton, Bermuda
AUM: $4.30 billion
98. Aspect Capital
Location: London, UK
AUM: $4.30 billion
99. Credit Suisse Hedging
Location: Sao Paulo, Brazil
AUM: $4.24 billion
100. Carlson Capital
Location: Dallas, TX
AUM: $4.23 billion
Source: Institutional Investor
Full Contact Info for 3500+ Hedge Funds including the Top 100 listed above
8.05.2009
Brazilian Hedge Funds See Huge Inflows
Brazilian hedge funds had more than $4.5 billion in inflows during the month of July. This is the largest monthly inflow to Brazilian hedge funds ever. The increased investor appetite comes amid low global interests and increased demand for riskier, higher yielding assets.
Brazilian hedge funds manage about $150 billlion in total assets. The July inflows represent an increase of about 3%.
The Brazilian stock market, Bovespa, had its best month in July in more than 10 years.
7.25.2009
Hedge Fund Database Reviews
Review of the Best Hedge Fund Directories -2009
Have you been looking for a quality hedge fund directory or hedge fund database, but not sure what you get for the money? If you are like many of our readers, apparently the answer is yes. There are at least a dozen providers of hedge fund information. Many supply an online database, while others allow users to download the information for use with Excel or other spreadsheet programs. Three of the four hedge fund databases below provide performance information designed for investors and are only available to qualified investors.
Also note that while each hedge fund database/directory claims to cover a different number of funds, for the most part they have similar coverage. Much of the difference in “number of hedge funds” stems from the number of repeat listings.
Best Hedge Fund Directories:
1. BarclayHedge (Overall Win
ner!)
Price: $4,500
- The BarclayHedge Hedge Fund Database Barclay’s contains comprehensive information on more than 4,000 Hedge Funds and Funds of Hedge Funds. Barclay’s database is probably the best known and most respected hedge fund directory available. Constantly updated, their database is the go to source for hedge fund and fund of fund quantitative information. Barclay’s also sells a purely Fund of Funds directory which is available for $1,200.
- Despite the sometimes prohibitive price, Barclay’s Hedge Fund Database remains the most valulable single tool for investors and serious researchers needing up-to-date performance information. For an additional $4,500, users can get access to the unbeatable Barclay’s Contact Marketing Database which provides contact information for hedge funds, fund of funds and CTA managers.
2. HedgeFundContacts (Bes
t Value!)
Price: $137 + $240 for downloads
- At less than $400 including downloads (or $137 for fully searchable online database), HedgeFundContacts.com is the clear winner in the Best Value , Hedge Fund Database category. Their online database is easy to use and offers more search options than many more expensive competitors. In addition to several thousand hedge funds, they also provide updated contact info on fund of hedge funds, and private equity firms. They just added People Search, a very cool and unique feature, which gives users access to a database (including email addresses) of more than 8,000 hedge fund professionals including a surprising number of CEOs and Managing Directors.
- Amazingly, their contact Database rivals that of the much more expensive BarclayHedge and is a much more affordable option for job hunters, marketers, and other research. Because HedgeFundContacts is a contact database they not supply performance information. The upside is they provide better contact information and more valid email addresses than virtually any other competitor and their database is available to non-qualified investors.
3. HedgeCo
Price: $2,500 + $2,500 for downloads
- HedgeCo provides a searchable online database as well as the ability to download the results to Excel. Includes quantitative and qualitative data on single manager hedge funds, funds of hedge funds, CTAs, and a variety of other alternative investment products. The database is of good quality, though with a number of repeat listings. However, at $5000 with downloads, the HedgeCo database is priced at the upper end of the elite hedge fund directories and is only available to qualified investors.
4. Eurekahedge
Price: $3,500
- The Eurekahedge North American Hedge Fund Database provides online access to a database of 2,675 hedge funds throughout North America. Subscribers also get a hard copy version of the database and free monthly online newsletters. While a valuable tool, the database does not appear to be updated as often as others. Eurekahedge also makes available their Global Hedge Fund Database which is available for $12,000 and a Fund of Funds database for $3,000.
Of course, there are many other hedge fund directories available. However after reviewing dozens of competitors, we selected the four above because of the high quality of their listings, frequent updates, and ease of use. Job hunters, recruiters, and those wishing to market to hedge funds will get the best value from wildly under-priced HedgeFundContacts.com. For investors, pension fund managers, and research institutions, we suggest the overall winner of our Hedge Fund Database Review, the BarclayHedge database.
Long Island Hedge Fund Subpoenaed by SEC
NIR Group, the Long Island hedge fund firm run by Corey Ribotsky, 38, is the focus of an SEC investigation focusing on the performance valuations of its hedge funds. Also under investigation are communications NIR made to investors.
The SEC has said that Mr. Ribotsky also lied about the returns and the holding of an assortment of funds. People familiar with the matter said Corey Ribotsky and NIR Group have defrauded their investors, after poor performance over recent months.
The SEC also requested that NIR provide yearly, monthly and quarterly fund performance returns from January 2004 till the present and all documents related to NIR's internal performance calculation process.
NIR Group was founded by Mr. Ribotsky in 1998 and focuses on small/micro cap companies.
You can go to Corey Ribotsky's personal website here.
Or visit NIR Group
The SEC has said that Mr. Ribotsky also lied about the returns and the holding of an assortment of funds. People familiar with the matter said Corey Ribotsky and NIR Group have defrauded their investors, after poor performance over recent months.
The SEC also requested that NIR provide yearly, monthly and quarterly fund performance returns from January 2004 till the present and all documents related to NIR's internal performance calculation process.
NIR Group was founded by Mr. Ribotsky in 1998 and focuses on small/micro cap companies.
You can go to Corey Ribotsky's personal website here.
Or visit NIR Group
Fortress to Acquire Rival Hedge Funds?
Fortress Investment Group, the $27 billion dollar hedge fund originally founded as a Private Equity firm by Wesley R. Edens in 1998, announced plans to acquire or purchase a range of financial firms, including other hedge funds.Recently appointed CEO of Fortress Group, Daniel Mudd, has publicly stated Fortress' intent to acquire insurers, banks, traditional money managers and rival hedge funds.
Many alternative investment industry analysts have predicted declining numbers of hedge funds as well as decreased hedge fund assets under management due to the poor markets and returns, as well as a growing mistrust of fund managers. But if other large hedge funds begin to poach on smaller rivals, consolidation may be also be a significant driver of decreasing numbers of hedge funds.
Fortress Investment Group Founder, Wesley Edens, was one of a couple hedge fund managers named to Forbes Magazines' "Biggest Billionaire Losers of 2008"
6.13.2009
Hedge Fund Founder Quits After JP Morgan Acquisition
Founder of Highbridge Capital Management, Henry Swieca, revealed plans to leave the firm after JP Morgan moved to purchase the remainder of the giant hedge fund. Highbridge Capital Management is one of the world's largest hedge funds with around $20 billion in AUM (assets under management). In 2008, Henry Swieca ranked in the top 100 on Forbes list of billionaires, with an estimated net worth of $1.3 billion.
Highbridge Capital Management, LLC is a global alternative investment and asset management firm based in
DE Shaw Group to Lighten Redemption Restrictions
D.E. Shaw & Co., the $29 billion investment firm founded by David Shaw, will permit investors to withdraw more money from its two biggest funds than previously permitted, according to Bloomberg.
DE Shaw recently limited quarterly redemptions in November to 8.3 percent of investor assets after a surge in withdrawal requests. The NYC-based firm is now offering clients the one-time option to pull 16 percent of their assets from two of its funds, its Oculus and Composite funds, next month. Those who accept won’t be able to make additional withdrawals this year.
Hedge Funds Post Best Performance in Nine Years
Hedge funds returned an average of 5.2% in May, 2009, the best cumulative return since 2000. edge-fund managers are outperforming global benchmarks after posting the worst year on record in 2008. Eurekahedge’s global index slid 12 percent last year, the most since the Singapore-based firm began tracking data in 2000. The MSCI Asia Pacific Index rose for a third month in May, advancing 12 percent in its longest stretch of monthly gains since July 2007.
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