May 17th, 2010
Earlier, HedgeTracker released its list of the largest US Equity Hedge Fund managers for 2009. This week we officially reveal all 25 managers that made the Top Hedge Fund list. As announced earlier, the top five hedge fund managers ranked by their total US Equity Assets at the end of 2009 included:
#1 David Shaw’s D.E. Shaw & Co with $26,701 mm
#2 Jim Simons’ Renaissance Technologies with $26,159 mm
#3 Robert Atchinson and Phil Gross’ Adage Capital Partners with $19,958 mm
#4 John Paulson’s Paulson & Co with $19,493 mm
#5 Eddie Lampert’s ESL Investments with $11,034 mm
While the top 5 hedge funds were the only ones managing more than $10 billion in US equity assets, the rest of the top ten hedge fund managers are all within striking distance. The second half of the top ten list is dominated by prodigies of Julian Robertson’s Tiger Management, including: #6 Steve Mandel’s Lone Pine Capital with $9,840 mm, #7 Lee S. Ainslie’s Maverick Capital with $8,987 mm, #8 Andreas Halvorsen’s Viking Global Investors with $8,270 mm and #10 Chris Shumway’s Shumway Capital Partners with $8,120 mm. Lone Pine Capital was one of the biggest risers on the list having added more than $2,200 mm in US equity assets over the 4th quarter of 2010.
At #9 is JPMorgan’s multi-strategy hedge fund subsidiary Highbridge Capital Management with $8,270 mm, while private equity firm Bain Capital’s hedge fund affiliate Brookside Capital is #11 with $8,086 mm.
The rest of top 20 hedge funds includes a number of the most legendary and closely followed hedge fund gurus: #12 Izzy Englander’s multi-strategy firm Millennium Partners with $7,801 mm, #13 Carl Icahn’s shareholder activist focused Icahn Associates with $7,339 mm, #15 George Soros’ global macro focused Soros Fund Management and #18 Steven Cohen’s multi-strategy firm SAC Capital Advisors with $6,235 mm. Notably, Soros Fund Management saw the biggest increase in assets on the entire list as it increased its total US equity AUM by over $2,500 mm.
AQR Capital Management LLC came in at #14 with $7,279 mm, while Highfields Capital Management locked down #16 with $6,749 mm. The only foreign headquartered hedge fund to break the top 25 hedge funds list is #17 London-based Lansdowne Partners with $6,620 mm, which is an increase of $1,137 mm from the previous quarter.
The rest of Top 25 Hedge Fund managers are listed below:
#19 Dinakar Singh’s TPG-Axon Capital ($6,045mm)
#20 UBS’s hedge fund subsidiary UBS O’Connor ($5,775mm)
#21 John Griffin’s Blue Ridge Capital ($5,303mm)
#22 Quantitative focused Two Sigma Investments ($5,302mm)
#23 Eric Mindich’s Eton Park Capital Management ($5,259mm)
#24 Ricky Sandler’s Eminence Capital ($5,213mm)
#25 Jeffrey Vinik’s Vinik Asset Management ($4,637mm)
Notably, Eminence Capital and Vinik Asset Management were also two of the largest gainers as their assets jumped by $2,077 mm and $2,940 mm, respectively.