Top 10 Hedge Funds up 6.3%, Surge past $200 Billion AUM mark

Date: Friday, December 7, 2012
Author: HedgeTracker

The Top 10 Hedge Funds saw their US Equity assets increase by $12.2 billion, or 6.3%, during the third quarter of 2012. It was a great quarter overall for the top hedge funds, as 8 of the top 10 funds saw their assets increase by more than $1 billion. At the end of the quarter, the top hedge funds impressively reported assets under management of $207 billion.

The list's AUM surge was led by Clifford Asness’ AQR Capital Management, which saw its US equity assets increase by $2.75 billion. Greenwich-based AQR Capital’s AUM gains position it as the fifth largest hedge fund on the list with $18,942 billion in assets.

Viking Global Investors and Adage Capital Partners also saw their equity assets under management surge over the third quarter by $1.8 billion and $1.7 billion, respectively. The gains by Viking Global enabled Andreas Halvorsen’s hedge fund to retain the #9 spot on HedgeTracker’s Top Hedge Fund List for the second straight quarter. Similarly, Robert Atchinson and Phil Gross’s Adage Capital again held on to the #3 spot.

Among the two hedge funds to see their assets fall during the quarter was Jim Simons’ Renaissance Technologies. Despite dipping by $665 million, quant focused Renaissance Technologies managed to retain its position as the largest US equity hedge fund. The other loser was Steve Mandel’s Lone Pine Capital, which saw its assets under management slip by just over $200 million.

Notably, John Paulson’s Paulson & Co dropped out of the top 10. Paulson & Co’s AUM actually jumped by more than $730M to $12.7B, which was not enough to keep it in the top 10, as it fell one spot to the #11 spot.

HedgeTracker releases a series of top hedge fund ranking lists on a quarterly basis. To view the Top 100, Top 200 and Top 300 Hedge Fund lists in their entirety, please visit our Top Hedge Fund List ranking portal.