The Top 10 Hedge Funds saw their US Equity assets increase by an astounding $32.7 Billion, or 19.4%, during the first quarter of 2012. The large gains were led by John Overdeck, David Siegel and Mark Pickard's Two Sigma Investments, which saw its US equity assets increase by $8.4B. Two Sigma's AUM gains position it as the fifth largest hedge fund on the top hedge fund list, having jumped up six spots from its eleventh place ranking on the Q4 2011 list.
|Jim Simons' quant focused Renaissance Technologies Corporation remained on its perch as the largest hedge fund on list. New York-based Renaissance secured the top spot with $24.5B in equity assets under management, an increase of $3.9B. D.E. Shaw & Co jumped two spots to #2 on the list, pushing down Citadel Investment Group (#3) and Adage Capital Partners (#4), which both slipped down a spot in the rankings from #2 and #3, respectively.|
Overall, every hedge fund in the top 10 saw its assets rise over the quarter. John Paulson's Paulson & Co. witnessed the smallest increase, as its assets jumped by just $1.1BN, positioning it as #9 on the top 10 list. After dominating the top hedge fund list for a series of quarters, the once mighty Paulson & Co. lost the top spot during Q3 2011.
Izzy Englander's Millennium Management retained its position as the smallest hedge fund on the top 10 list for the second consecutive quarter. Izzy's New York City-based hedge fund reported $12.4B in US equity assets under management, up by nearly $1.8B. Millennium Management's strong gains were just enough to outpace Viking Global Investors, which reported assets of $12.2B.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.