New York (HedgeCo.net) – The latest Top 200 U.S. Equity Hedge Fund list reveals that the top 200 hedge funds oversee a combined $673 billion in assets under management, according to HedgeTracker.
While the top 5 hedge funds from last quarter held securely onto their previous rankings, hedge funds farther down the Top 200 Hedge Fund List saw their rankings fluctuate significantly.
Takis Sparaggis’ Alkeon Capital Management saw its ranking jump from #79 all the way up to #60. Chase Coleman’s Tiger Global Management (#28) and Samuel Isaly’s OrbiMed Advisors were also big gainers, jumping 17 and 16 spots, respectively. Notably, twelve new hedge funds jumped into the top 100, including Jason Capello’s Merchants’ Gate Capital LP, John Thaler’s JAT Capital Management and Seth Klarman’s renowned Baupost Group, among others.
All hedge funds on the list had over $800 million in AUM.
New York City maintained its dominance as the center of the hedge fund universe with the greatest amount of assets under management (over 50%) with 106 of the top 200 hedge funds located there. The other major hedge fund hubs represented on the list include Greenwich/Stamford (with nearly $100bn), Boston ($66bn), Chicago ($41bn) and San Francisco ($27bn).
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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