Top Small & Mid-Cap Focused Hedge Funds see assets jump by 18.8%

Date: Monday, July 9, 2012
Author: HedgeTracker

The Top 50 Small-Cap and Mid-Cap focused hedge funds have seen their equity assets jump by nearly $7 billion, or 18.8%, since the beginning of the 2012. According to the most recent ranking, the top SMID Hedge Funds now oversee more than $37 billion in U.S. Equities.

The Top 50 SMID Hedge fund list is led by Oxford Asset Management of London, Alpine Associates of New Jersey, and Kayne Anderson Capital Advisors of Los Angeles. Oxford Asset Management, which employs a quantitative focused investment style, has more than 65% of its US equity assets invested in small-cap and mid-cap companies. Multi-Strategy focused Kayne Anderson Capital oversees more than $1,350 million in SMID assets, while Arbitrage focused Alpine Associates oversees more than $1,561 million.

To be eligible for the top 50 SMID Hedge Fund List, a fund must have more than 50% of its equity assets invested in small-cap and mid-cap companies. Notably, twenty-six hedge funds on the list have greater than 75% of their assets dedicated to the SMID stocks.

The tenth largest SMID hedge fund, AWM Investment Company, is the purest small-cap fund on the list. The New York-based Deep Value focused hedge fund, which is led by 71 year-old Austin Marxe, has more than 99% of its assets invested in small-cap equities.

Ranking Methodology: The top 50 SMID Hedge Fund rankings are compiled on a quarterly basis using hedge fund firms’ overall U.S. equity assets under management. The SMID list includes the top hedge funds with that have more than 50% of their U.S. equity assets invested in small- and mid-cap companies. Mid-Cap equities includes U.S. listed stocks with market capitalizations between $2 billion and $10 billion, while Small-Cap equities includes U.S. listed stocks with market capitalizations less than $2 billion. To view the Top 50 SMID Hedge Fund list in its entirety, please click here.