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Alpha’s Hedge fund ranks the world’s largest hedge funds by assets in its 100 funds list; this proves that most funds’ assets grew by double figures since last year. The year 2016 was a very difficult year for hedge funds investors. The industry struggled to deliver a 5.4% return to clients; this is low when compared to the S&P 500’s return of 11.9%, according to data compiled by evestment.
Poor performance and ridiculously high fees cleared out money out of the money manager’s funds, with about $70 billion pulled out of the funds last year, the biggest drop since 2009, according to data tracker HFR.
According to institutional investors Alpha’s freshly released 2017 Hedge fund 100 List, not all firm suffered fund reduction. This list is released annually to rank the world’s biggest hedge funds based on assets. The data collated shows that a lot of the top funds’ assets have recorded a double increase in digits.
This is crazy:
Ray Dalio’s Bridgewater Associates, a firm based in Connecticut with hedge fund asset of over $12.2 billion under its management, took home the number one spot on the list. It witnessed a fast growth of its hedge fund AUM at the beginning of year 2017; about 17 %( this spike in funds is similar to its growth in 2016).
It gets better:
According to the list, Quant funds witnessed the most outstanding growth of its funds. I believe they owe this success to their use of computer algorithms or programs that guide their investing timing. One of the oldest and most popular quant firms- Renaissance Technologies felt its asset kaboom by 42%, on a yearly basis. It climbed up to the fourth position on the list, up from twelfth last year.
Another quant fund known as Two sigma went up a higher spot on the list. It’s asset under management went up 28% from last year.
Here are 11 best performing hedge funds according to the list published by institutional investors Alpha’s annual list:
11. Elliot Management- $31.3 billion
Paul singer, founder of Elliot Management ( REUTERS/Steve Marcus)
10. Winton Capital Management- $32 billion
David Harding, CEO and founder
09. Och-Ziff Capital Management- $33.5 billion
08. Man Group- $33.9 billion
Luke Ellios, owner
07. Millennium Management- $33.9 billion
06. De Shaw & Co- $34.7 billion
05. Two Signa- $38.9 billion
04. Renaissance Technologies- $42 billion
03. JP Morgan- $45 billion
Mary Callahan Erdas
02. AQR Capital Management- $69.6 billion
01. Bridgewater Associates- $122.2 billion
These are the 11 best performing hedge funds in the world