RANKINGS

Top 200 Hedge Fund Managers

Based on gross assets of hedge funds run by SEC-registered management firms. Excludes separate accounts and other vehicles.


Manager
Strategy
1 Millennium Management, New York
Diverse
2 Bridgewater Associates, Westport, Conn.
Diverse
3 Citadel, Chicago
Diverse
4 BTG Pactual Asset Management, New York
Global macro
5 SAC Capital, Stamford, Conn.
Equity
6 Pine River Capital, Minnetonka, Minn.
Diverse
7 D.E. Shaw, New York
Diverse
8 Pimco, Newport Beach, Calif.
Debt
9 Cargill, Hopkins, Minn.
Diverse
10 Goldman Sachs, New York
Diverse
11 Blackstone, New York
Diverse
12 AQR Capital, Greenwich, Conn.
Diverse
13 Fortress Investment, New York
Diverse
14 BlueCrest Capital, Guernsey
Diverse
15 Wellington Management, Boston
Diverse
16 Moore Capital, New York
Global macro
17 Two Sigma Investments, New York
Diverse
18 Oaktree Capital, Los Angeles
Debt
19 Och-Ziff Capital, New York
Diverse
20 Cerberus Capital, New York
Debt
21 BlackRock, New York
Diverse
22 Paulson & Co., New York
Diverse
23 Elliott Management, New York
Diverse
24 Adage Capital, Boston
Equity
25 Legg Mason, Baltimore
Diverse
26 Viking Global, Greenwich, Conn.
Equity
27 Centerbridge Partners, New York
Debt
28 Bain Capital, Boston
Diverse
29 Baupost Group, Boston
Diverse
30 Lone Pine Capital, Greenwich, Conn.
Equity
31 J.P. Morgan, New York
Diverse
32 Apollo Capital, New York
Debt
33 Grosvenor Capital, Chicago
Fund of funds
34 MKP Capital, New York
Diverse
35 Farallon Capital, San Francisco
Diverse

Gross AUM of Funds

Investment Professionals
1Q-13
1Q-12 Chg.
1Q-13 1Q-12 Chg.
($Mil.)
($Mil.)
(%)
(#)
(#) (#)
$198,196.0 $119,000.1
66.6
810
570 +240
139,306.8
103,840.3
34.2
384
358
+26
107,580.3
119,139.7
-9.7
760
591 +169
78,867.9
93,900.0
-16.0
31
21
+10
75,449.8
69,244.3
9.0
400
400
0
74,486.8
36,362.0
104.8
119
70
+49
67,200.0
53,295.0
26.1
307
287
+20
66,076.7
70,622.8
-6.4
576
475 +101
63,574.6
64,584.8
-1.6
165
165
0
58,244.7
58,939.1
-1.2
1,175
738 +437
53,763.1
51,651.2
4.1
243
206
+37
49,505.2
43,280.5
14.4
126
102
+24
40,083.2
27,754.2
44.4
236
214
+22
39,730.9
57,110.8
-30.4
38,514.3
37,565.3
2.5
435
432
+3
38,041.9
28,700.2
32.5
184
208
-24
36,687.2
22,627.9
62.1
373
288
+85
35,865.6
6,562.8
446.5
230
214
+16
35,066.2
31,661.1
10.8
137
133
+4
34,158.2
34,413.5
-0.7
132
127
+5
32,696.4
39,261.2
-16.7
835
700 +135
32,557.1
38,461.1
-15.4
53
50
+3
32,047.5
29,762.0
7.7
139
123
+16
28,967.9
24,492.6
18.3
35
33
+2
28,752.5
19,738.2
45.7
266
268
-2
28,494.2
22,097.9
28.9
30
31
-1
28,389.8
16,481.1
72.3
55
46
+9
28,389.5
21,936.0
29.4
118
121
-3
28,085.7
23,752.8
18.2
51
65
-14
27,466.5
23,911.8
14.9
17
15
+2
26,541.9
25,738.1
3.1
847
754
+93
25,501.9
3,827.5
566.3
253
201
+52
24,398.5
13,408.1
82.0
45
40
+5
24,001.8
11,661.0
105.8
32
28
+4
23,103.4
22,852.8
1.1
57
55
+2

HEDGE FUND ALERT: April 17, 2013, 5 Marine View Plaza, Suite 400, Hoboken NJ 07030. 201-659-1700
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April 17, 2013

Hedge Fund ALERT

RANKINGS

Top 200 Hedge Fund Managers

Manager
Strategy
36 Capula Investment, Greenwich, Conn.
Debt
37 Convexity Capital, Boston
Debt
38 Element Capital, New York
Debt
39 Lighthouse Inv., Palm Beach Gardens, Fla.
Fund of funds
40 Davidson Kempner Capital, New York
Diverse
41 Lansdowne Partners, London
Equity
42 Marathon-London, London
Diverse
43 Prologue Capital, Miami
Debt
44 UBS, New York
Diverse
45 Renaissance Technologies, New York
Diverse
46 Discovery Capital, South Norwalk, Conn.
Global macro
47 King Street Capital, New York
Debt
48 Eton Park Capital, New York
Diverse
49 Grantham Mayo Van Otterloo, Boston
Diverse
50 Field Street Capital, New York
Global macro
51 Appaloosa Management, Short Hills, N.J.
Equity
52 Highfields Capital, Boston
Diverse
53 York Capital, New York
Diverse
54 Comac Capital, London
Debt
55 Canyon Capital, Los Angeles
Debt
56 Makena Capital, Menlo Park, Calif.
Fund of funds
57 Bracebridge Capital, Boston
Debt
58 BlueMountain Capital, New York
Debt
59 Claren Road Asset Management, New York
Debt
60 Tudor Investment, Greenwich, Conn.
Diverse
61 Permal Asset Management, New York
Fund of funds
62 Concordia Advisors, Bermuda
Diverse
63 Mariner Investment, Harrison, N.Y.
Diverse
64 Graham Capital, Rowayton, Conn.
Managed futures
65 HBK Capital, Dallas
Diverse
66 Prudential, Newark, N.J.
Diverse
67 Maverick Capital, Dallas
Equity
68 Carlson Capital, Dallas
Diverse
69 Pershing Square Capital, New York
Equity
70 Anchorage Capital, New York
Debt
71 Greenlight Capital, New York
Diverse
72 Third Point, New York
Diverse
73 Structured Portfolio Mgmt., Stamford, Conn. Debt
74 Blue Ridge Capital, New York
Equity
75 Capstone Investment, New York
Equity
76 QVT Financial, New York
Diverse
77 Caxton Associates, Princeton, N.J.
Diverse
78 Taconic Capital, New York
Diverse
79 Platinum Asset Management, Sydney
Equity
80 Avenue Capital, New York
Debt
81 Magnetar Financial, Evanston, Ill.
Diverse

Gross AUM of Funds

1Q-13
1Q-12 Chg.
($Mil.)
($Mil.)
(%)
$22,962.7
$21,000.0
9.3
22,016.0
21,969.3
0.2
21,492.3
9,800.9
119.3
21,466.4
19,884.2
8.0
20,857.2
19,052.8
9.5
20,438.7
22,334.9
-8.5
20,385.2
17,245.8
18.2
20,171.9
1,468.3 1,273.8
20,038.1
18,620.4
7.6
20,021.4
9,698.9
106.4
20,000.5
11,593.1
72.5
19,619.1
20,177.2
-2.8
19,052.3
18,673.7
2.0
17,709.9
15,585.2
13.6
17,401.2
8,447.6
106.0
17,352.5
14,606.0
18.8
17,207.3
15,322.7
12.3
16,620.0
9,053.8
83.6
16,600.2
16,858.8
-1.5
16,226.7
12,859.0
26.2
15,800.0
15,442.3
16,567.2
-6.8
15,423.7
9,093.1
69.6
15,103.6
14,395.8
4.9
14,660.3
15,665.2
-6.4
14,616.4
14,574.8
0.3
14,563.9
12,055.6
20.8
14,368.0
3,853.4
272.9
14,255.8
14,682.3
-2.9
13,881.3
12,978.7
7.0
13,584.6
9,346.8
45.3
13,432.6
14,977.6
-10.3
13,267.1
12,132.7
9.4
13,199.3
10,479.6
26.0
13,161.4
13,257.1
-0.7
12,428.2
10,363.3
19.9
12,359.1
10,390.0
19.0
11,818.2
4,436.2
166.4
11,805.1
11,116.3
6.2
11,790.6
11,607.8
12,881.3
-9.9
11,572.8
11,801.9
-1.9
11,519.3
13,163.6
-12.5
11,467.6
12,598.3
-9.0
11,432.0
2,900.0
294.2
11,343.3
9,493.9
19.5

Investment Professionals
1Q-13 1Q-12 Chg.
(#)
(#) (#)
7
5
+2
21
20
+1
15
12
+3
22
22
0
75
65
+10
19
20
-1
10
10
0
19
13
+6
151
126
+25
140
140
0
34
39
-5
55
52
+3
50
56
-6
100
100
0
9
6
+3
14
14
0
25
25
0
50
50
0
14
16
-2
42
46
-4
27
26
+1
32
28
+4
80
60
+20
33
27
+6
190
185
+5
20
25
-5
4
21
-17
64
55
+9
114
116
-2
52
50
+2
819
758
+61
8
10
-2
83
82
+1
11
11
0
55
47
+8
15
16
-1
26
26
0
11
7
+4
12
12
0
34
20
+14
39
42
-3
47
44
+3
43
30
+13
24
24
0
74
88
-14
75
57
+18

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April 17, 2013

Hedge Fund ALERT

RANKINGS

Top 200 Hedge Fund Managers

Manager
Strategy
82 Mesirow Advanced Strategies, Chicago
Fund of funds
83 Mason Capital, New York
Diverse
84 Angelo, Gordon & Co., New York
Diverse
85 Meritage Group, San Francisco
Fund of funds
86 MetaCapital, New York
Debt
87 ValueAct Capital, San Francisco
Diverse
88 SPO Partners, Mill Valley, Calif.
Equity
89 Fir Tree Partners, New York
Debt
90 Aurora Investment, Chicago
Fund of funds
91 Winton Capital, London
Managed futures
92 GoldenTree Asset Management, New York
Debt
93 Silver Point Capital, Greenwich, Conn.
Debt
94 Glenview Capital, New York
Equity
95 Vinik Asset Management, Tampa
Equity
96 Oxford Asset Management, U.K.
Equity
97 Saba Capital, New York
Debt
98 Natixis, Paris
Diverse
99 Arrowgrass Capital, New York
Debt
100 Brigade Capital, New York
Debt
101 Guggenheim Partners, Santa Monica, Calif.
Diverse
102 Coast Asset Management, Los Angeles
Diverse
103 Credit Suisse, New York
Diverse
104 Tiger Global Management, New York
Equity
105 Cevian Capital, Jersey
Equity
106 Pennant Capital, Summit, N.J.
Diverse
107 HSBC, New York
Diverse
108 Perry Capital, New York
Diverse
109 Investure, Charlottesville, Va.
Fund of funds
110 Balyasny Asset Management, Chicago
Diverse
111 Boston Management and Research, Boston
Diverse
112 Luxor Capital, New York
Diverse
113 Pacific Alternative Asset Mgmt., Irvine, Calif. Fund of funds
114 PDT Partners, New York
Global macro
115 Wayzata Investment, Wayzata, Minn.
Diverse
116 KLS Diversified Asset Mgmt., New York
Debt
117 PointState Capital, New York
Global macro
118 Prisma Capital, New York
Fund of funds
119 Varde Management, Minneapolis
Debt
120 Marathon Asset Management, New York
Debt
121 WCG Management, New York
Debt
122 Gresham Investment, New York
Managed futures
123 Hedge Fund Research, Chicago
Fund of funds
124 Reservoir Capital, New York
Other
125 Coatue Management, New York
Equity
126 Senator Investment, New York
Diverse
127 QFR Capital, New York
Equity

Gross AUM of Funds

1Q-13
1Q-12 Chg.
($Mil.)
($Mil.)
(%)
$10,991.3
$11,409.0
-3.7
10,981.3
2,382.4
360.9
10,865.1
13,377.8
-18.8
10,639.5
7,893.4
34.8
10,555.3
7,975.8
32.3
10,521.2
6,581.8
59.9
10,456.4
9,302.7
12.4
10,189.2
9,846.5
3.5
10,065.2
10,317.7
-2.4
9,935.8
9,908.9
0.3
9,918.2
8,747.1
13.4
9,902.4
8,324.5
19.0
9,730.3
6,994.1
39.1
9,522.1
8,892.8
7.1
9,508.0
9,508.0
0.0
9,499.8
8,222.2
15.5
9,443.0
3,747.8
152.0
9,374.6
5,396.7
73.7
9,366.0
7,900.3
18.6
9,148.9
5,165.5
77.1
9,109.3
10,952.4
-16.8
9,042.2
6,184.6
46.2
9,016.1
9,781.8
-7.8
8,843.6
8,832.2
5,734.3
54.0
8,676.6
8,658.4
10,262.7
-15.6
8,573.7
4,618.0
85.7
8,390.2
3,825.6
119.3
8,298.4
7,517.0
10.4
8,213.5
8,430.9
-2.6
8,158.7
8,035.7
1.5
8,119.6
7,923.0
7,810.5
3,185.7
145.2
7,695.0
6,382.2
20.6
7,691.5
4,176.5
84.2
7,690.8
6,743.4
14.0
7,608.8
8,611.6
-11.6
7,564.7
8,802.0
-14.1
7,325.5
5,961.5
22.9
7,260.3
8,161.1
-11.0
7,075.3
7,667.0
-7.7
6,953.0
7,171.3
-3.0
6,936.8
5,019.7
38.2
6,935.1
4,953.3
40.0

Investment Professionals
1Q-13 1Q-12 Chg.
(#)
(#) (#)
43
44
-1
19
20
-1
83
68
+15
23
23
0
6
5
+1
12
10
+2
11
11
0
32
27
+5
28
30
-2
22
44
-22
32
36
-4
41
45
-4
39
39
0
25
12
+13
34
33
+1
24
20
+4
391
338
+53
17
17
0
38
29
+9
154
75
+79
15
17
-2
702
561 +141
23
23
0
24
14
12
+2
154
37
39
-2
10
9
+1
112
88
+24
190
190
0
17
16
+1
81
78
+3
50
26
27
-1
22
21
+1
30
37
-7
27
25
+2
50
54
-4
59
55
+4
14
9
+5
17
15
+2
3
3
0
17
17
0
21
15
+6
12
12
0
26
20
+6

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April 17, 2013

Hedge Fund ALERT

RANKINGS

Top 200 Hedge Fund Managers

Manager
Strategy
128 Steadfast Capital, New York
Equity
129 Stevens Capital, Radnor, Pa.
Managed futures
130 Arden Asset Management, New York
Fund of funds
131 GMT Capital, Atlanta
Equity
132 EnTrust Partners, New York
Fund of funds
133 Emerging Sovereign Group, New York
Diverse
134 Visium Asset Management, New York
Diverse
135 Eminence Capital, New York
Equity
136 Scout Capital, New York
Equity
137 Abrams Capital, Boston
Equity
138 Wexford Capital, Greenwich, Conn.
Diverse
139 Trust Asset Management, Portland, Maine
Diverse
140 MSDC Management, New York
Diverse
141 Common Sense Investment, Portland, Ore.
Fund of funds
142 Monarch, New York
Debt
143 NWI Management, New York
Global macro
144 Citigroup, New York
Diverse
145 ESL Investments, Bay Harbor, Fla.
Equity
146 Fore Research and Management, New York
Debt
147 Redwood Capital, Englewood Cliffs, N.J.
Debt
148 Kensico Capital, Greenwich, Conn.
Equity
149 Halcyon Group, New York
Diverse
150 Silver Creek Capital, Seattle
Diverse
151 Wolverine Asset Management, Chicago
Diverse
152 Morgan Stanley, New York
Fund of funds
153 Samlyn Capital, New York
Equity
154 Perella Weinberg, New York
Equity
155 Whitebox Advisors, Minneapolis
Diverse
156 Trian Fund Management, New York
Equity
157 Joho Capital, New York
Equity
158 Polar Capital, London
Diverse
159 Ellington Mgmt., Old Greenwich, Conn.
Diverse
160 Alphadyne Asset Management, New York
Diverse
161 TPG-Axon Management, New York
Equity
162 K2 Advisors, Stamford, Conn.
Fund of funds
163 Omega Advisors, New York
Equity
164 EMF Financial, New York
Debt
165 Bayview Asset Mgmt., Coral Gables, Fla.
Debt
166 Fauchier Partners, Guernsey
Fund of funds
167 Scopia Fund Management, New York
Equity
168 Nephila Capital, Bermuda
Other
169 One William Street Capital, New York
Debt
170 Indus Capital, New York
Equity
171 A.R.T. Advisors, New York
Equity
172 Owl Creek Asset Management, New York
Equity
173 Crestline Management, Fort Worth, Texas
Fund of funds

Gross AUM of Funds

1Q-13
1Q-12 Chg.
($Mil.)
($Mil.)
(%)
$6,723.7
$5,704.8
17.9
6,698.9
5,991.1
11.8
6,662.6
6,468.9
3.0
6,534.3
5,301.1
23.3
6,526.1
6,554.1
-0.4
6,497.5
5,648.9
15.0
6,400.8
5,329.6
20.1
6,394.0
4,868.7
31.3
6,378.0
5,205.2
22.5
6,321.1
5,757.5
9.8
6,223.0
4,591.4
35.5
6,208.7
4,100.3
51.4
6,173.0
3,694.2
67.1
6,131.6
6,499.1
-5.7
6,071.5
5,593.4
8.5
6,035.2
4,357.8
38.5
5,981.3
10,701.4
-44.1
5,967.0
7,670.0
-22.2
5,960.9
3,268.2
82.4
5,888.5
3,867.0
52.3
5,811.5
5,164.9
12.5
5,801.8
1,856.0
212.6
5,800.2
6,165.6
-5.9
5,786.8
5,786.8
0.0
5,646.1
3,810.4
48.2
5,550.2
5,150.4
7.8
5,531.6
5,757.8
-3.9
5,504.5
5,205.8
5.7
5,472.7
3,425.9
59.7
5,386.2
4,693.4
14.8
5,267.8
3,306.3
59.3
5,260.8
3,383.3
55.5
5,248.2
9,407.5
-44.2
5,234.6
7,692.7
-32.0
5,223.0
7,224.0
-27.7
5,113.4
3,227.9
58.4
4,971.6
9,157.5
-45.7
4,963.9
3,754.0
32.2
4,947.9
5,264.1
-6.0
4,907.3
3,938.1
24.6
4,812.5
3,281.6
46.6
4,785.7
3,557.0
34.5
4,777.8
4,985.6
-4.2
4,770.3
4,570.6
4.4
4,717.5
7,131.0
-33.8
4,686.9
3,842.4
22.0

Investment Professionals
1Q-13 1Q-12 Chg.
(#)
(#) (#)
16
14
+2
35
35
0
20
20
0
15
16
-1
29
26
+3
20
16
+4
60
53
+7
19
21
-2
15
12
+3
7
8
-1
40
40
0
1
1
0
28
14
+14
7
9
-2
18
16
+2
9
8
+1
83
158
-75
2
13
-11
18
15
+3
9
9
0
14
11
+3
33
55
-22
6
5
+1
20
18
+2
257
236
+21
17
17
0
20
20
0
35
26
+9
14
14
0
16
14
+2
44
38
+6
44
39
+5
13
10
+3
27
27
0
40
40
0
18
15
+3
7
7
0
60
130
-70
2
3
-1
14
10
+4
12
12
0
27
25
+2
25
21
+4
16
14
+2
19
26
-7
28
33
-5

To start your FREE trial subscription, return to HFAlert.com and click on Free Trial.
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April 17, 2013

Hedge Fund ALERT

RANKINGS

Top 200 Hedge Fund Managers

Manager
Strategy
174 Peak6 Advisors, Chicago
Diverse
175 Eaton Vance Management, Boston
Diverse
176 Water Street Capital, Jacksonville
Equity
177 Evanston Capital, Evanston, Ill.
Fund of funds
178 Chilton Investment, Stamford, Conn.
Equity
179 Regiment Capital, Boston
Debt
180 Global Endowment Management, Charlotte
Diverse
181 H/2 Capital Partners, Stamford, Conn.
Debt
182 Cadian Capital, New York
Equity
183 Archstone, New York
Fund of funds
184 Ares Management, Los Angeles
Diverse
185 Baker Brothers Investments, New York
Diverse
186 Beach Point Capital, Santa Monica, Calif.
Debt
187 Rock Creek Group, Washington
Fund of funds
188 Deerfield Management, New York
Equity
189 Soroban Capital, New York
Equity
190 Passport Capital, San Francisco
Equity
191 Solus Alternative Asset Mgmt., New York
Diverse
192 Ruane, Cunniff & Goldfarb, New York
Equity
193 Hutchin Hill Capital, New York
Diverse
194 Capital Fund Management, Paris
Managed futures
195 Pharo Management, New York
Other
196 Aurelius Capital, New York
Diverse
197 Brandywine Managers, Hockessin, Del.
Fund of funds
198 Caspian Capital, New York
Diverse
199 Contrarian Capital, Greenwich, Conn.
Debt
200 DCI, San Francisco
Debt

Gross AUM of Funds

1Q-13
1Q-12 Chg.
($Mil.)
($Mil.)
(%)
$4,629.8
$4,237.1
9.3
4,581.7
3,959.2
15.7
4,576.7
4,401.0
4.0
4,570.2
4,304.0
6.2
4,553.7
7,758.2
-41.3
4,526.3
4,394.2
3.0
4,511.3
3,568.3
26.4
4,499.6
2,987.8
50.6
4,492.2
3,794.5
18.4
4,480.2
4,604.7
-2.7
4,447.9
3,352.2
32.7
4,411.8
3,200.6
37.8
4,408.4
3,188.1
38.3
4,380.2
2,211.8
98.0
4,283.2
3,441.2
24.5
4,255.8
2,984.0
42.6
4,240.8
4,768.2
-11.1
4,226.3
3,433.0
23.1
4,134.9
2,961.1
39.6
4,127.4
5,319.5
-22.4
4,125.6
3,914.7
5.4
4,089.1
3,270.3
25.0
4,085.9
3,505.8
16.5
4,078.1
3,315.0
23.0
4,055.5
2,440.7
66.2
4,031.5
2,931.8
37.5
3,993.0
3,502.6
14.0

Investment Professionals
1Q-13 1Q-12 Chg.
(#)
(#) (#)
34
23
+11
190
190
0
16
16
0
14
13
+1
25
32
-7
14
21
-7
17
15
+2
34
33
+1
9
9
0
7
7
0
136
81
+55
11
11
0
25
21
+4
20
20
0
61
45
+16
9
8
+1
34
34
0
15
15
0
21
20
+1
49
47
+2
44
35
+9
5
5
0
18
16
+2
10
10
0
10
11
-1
31
34
-3
12
11
+1

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04/17/13