Top 100 Small- & Mid-Cap Hedge Funds surpass $270 Billion Mark

Date: Tuesday, April 9, 2013
Author: HedgeTracker

The Top 100 Small-Cap and Mid-Cap focused hedge funds now manage $271.8 billion in U.S. equity SMID assets, according to the most recent ranking. Thirteen hedge funds on the list have greater than 90% of their assets invested in SMID stocks. Atlantic Investment Management and H Partners Management are among the group of purest small- and mid-cap focused funds on the list, as both allocated 100% of their equity assets to SMID stocks. Value focused Atlantic Investment Management reported $1.2 billion in SMID assets and distressed focused H Partners Management reported $1.1 billion in SMID assets.

To be eligible for the top 100 SMID Hedge Fund List, a hedge fund must have more than 50% of its equity assets invested in small-cap and mid-cap companies.

The Top 100 SMID Hedge Fund list is led by a few of the largest U.S. hedge funds overall, demonstrating how some of the largest and most successful funds actively investing in smaller companies to pursue outsized returns. The list is led by Renaissance Technologies, which allocated $17.3 billion to SMID companies. The second largest SMID hedge fund investor is Carl Icahn’s Icahn Capital with $11.1 billion, while Clifford Asness’ AQR Capital Management ranks third with $10 billion.

Ranking Methodology: The Top 100 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 include U.S. listed stocks with market capitalizations between $2 billion and $10 billion, while Small-Cap equities include U.S. listed stocks with market capitalizations less than $2 billion. To view the Top 100 SMID Hedge Fund list in its entirety, please visit HedgeTracker’s Hedge Fund Portal..