(Hedgetracker) The latest list of the Top California Hedge Funds has been released, revealing that the list’s assets fell for the second consecutive quarter. California funds saw their assets decrease by -1.2% quarter-over-quarter, as compared to their East Coast brethren, which squeaked out quarterly gains. It is not all bad news for the top CA hedge funds, as 31 of the top 50 funds actually saw their equity assets increase over the quarter. Leading the top gainers were Farallon Capital…
The California list is once again headlined by ValueAct Capital Management (GARP), Farallon Capital Management (Long/Short Global Equity) and SPO Advisory (TMT Focused).Twenty-one of the funds on the Top California Hedge Fund List, including ValueAct, Farallon, and Passport, are headquartered in downtown San Francisco, with an additional thirteen funds being located in the greater Bay Area. Down the coast, eleven of the top hedge funds call Los Angeles home, while only five of the top funds are located in the greater San Diego area.
