80 Odey European Inc. Europe’s top equity long/short fund in the last 12 months (according to BarclayHedge) is up 33.06%
79 Arcus Investment Management Arcus Japan Value Fund is the best performing hedge fund managed from the UK – up 48.27% in the last 12 months. Arcus also has two high ranking UCITS hedge funds – Arcus Japan Absolute Institutional Fund and Arcus Japan Relative Institutional
78 Quantitative Investment Management, LLC Jaffray Woodriff’s Global Program “QEP” is the top performing large CTA (>$1bn) over last 12 months according to the Altegris manager rankings. The Global Program is a short-term trading strategy which is up 6.82% over the year to end Jan.
77 Brigade Capital Management According to the P&IQ database Brigade has won more institutional hedge fund mandates recently than anyone bar BlueCrest, including a $200m allocation from the New York City Retirement Systems.
76 Cliffwater Several of the hedge fund investment consultants to U.S. pension plans are included here. Cliffwater deserves a mention for being the arch proponents of sticking to the big hedge funds.
75 Albourne Partners Albourne is well positioned for the evolution of institutional investors in hedge funds to direct investing, particularly in North America which constitutes nearly two-thirds of the client base. As a consequence Albourne continues to grow – adding 21 clients in the second half of last year.
74 Kayne Anderson Capital Advisors In the recently compiled Top Commodities Equity Hedge Fund rankings Kayne Anderson Capital Advisors came top. Commodity related stocks accounted for 51% of its equity portfolio (at the end of the 3Q 2012) according to hedgetracker.com. Kayne Anderson Midstream Energy Fund, Ltd. was up 13.96% in January.
73 Man Group Whilst not all their hedge funds have set the pace recently, Man Group are the team to beat on the streets. In the 2012 JP Morgan Challenge in London Man Group’s mens team were the top ranked team representing a hedge fund firm, just ahead of GlobeOp and Moore Europe.
72 Renaissance Technologies Unusually for RenTech, the firm is cited for reasons other performance in the Hot 100. Its new multi-strategy Institutional Diversified Alpha Fund hoovered up an enormous $5bn last year, easily making the largest launch last year.
71 Tiger Cubs & Tech The Top Technology, Media and Telecom Hedge Fund List is headed by three managers who learned part of their craft under Julian Robertson at Tiger Management. The three are Philippe Laffont’s Coatue Capital, Chase Coleman’s Tiger Global Management and Lee S. Ainslie’s Maverick Capital Management (source: hedgetracker.com)
70 Ironwood Capital Management The San Francisco-based fund of funds has recently raised its public profile by making it known that it has client money in SAC, and has been in touch with investors about the position. Ironwood’s Institution Class fund of hedge funds was up over 10% last year.
69 Manny Roman Still a coming force, the new CEO of Man Group has brought out his broom, so that Riverbank House is beginning to resemble the c-suite of No.1 Curzon Street. Luke Ellis will become president of the company, Sanday Rattray, will become CEO of AHL, and Mark Jones and Simon White will become co-CEO of GLG and head of operations and technology respectively.
68 Hedgeweb.net The top two ranked websites dedicated to hedge funds are both database access sites – hedgeweb.net ranks higher than eurekahedge.com for traffic according to Alexa.com
67 New Silk Road Investment New Silk Road’s Asia Landmark Fund became one of the limited number of Asian based hedge funds to manage more than a billion Dollars this year.
66 Crude Oil Futures Hedge fund commodity position taking is most active in crude oil futures – hedge funds are currently long 280m barrels of crude oil, and have spreads on a further 370m barrels. The FSA has specifically noted the commodities futures exposure taken by hedge funds in assessment of their systemic risk.
65 Citadel Citadel’s rehabilitation with investors seems to be complete. After taking significant reputational hits through the gates applied to its funds in 2008-9, the Chicago hedge fund company jumped from 44th to 4th in this year’s II Alpha’s Hedge Fund Report Card poll of US investors, scoring highly for transparency, investor relations and infrastructure.
64 The GLG European Equity Fund Pierre LaGrange’s European large cap equity UCITS hedge fund has had a good last 12 months – up 37% – though asset gathering must be slower than GLG would like as AUM are only €60m in the L Class Fund.
63 Cevian Capital The €6bn activist investor targeted German companies several years ago, when it opened its Zurich office. The appointment in October of German industrialist Eckhard Cordes as a partner at the firm indicates more activity in Europe’s largest economy.
62 Brevan Howard Alan Howard’s $39bn firm has a very American focus at the moment. Having raised a lot of institutional assets there (this month from Texas County & District Retirement System) for its flagship program and credit fund, Europe’s largest hedge fun manager has been on a hiring spree in New York, and has been marketing its Macro FX Fund.
61 Graham Capital Management LP Ken Tropin’s firm is often on the shortlists proferred by Aksia, so benefits from that consultant’s growth. The $7.4bn hedge fund manager has been adding to capacity by expanding in London, taking staff registered with the FSA from 13 to 19 in less than a year.
Great list! Thanks
Those trading against the london whale should be mentioned. Also see no reference to Paulson, which is not a bad thing.
The stellar returns often come from outsized bets that are difficult to repeat year after year. Must apply a strict quality filter to them.
Quite right there is no mention of Paulson, is there a ground on which he qualifies as hot?
On the London whale trade – it is not mentioned specifically, but I would like to think that some of the beneficiaries are in the Hot 100 somewhere.