Top Institutional Hedge Funds
Feb 4th, 2008 | Filed under: Hedge Fund Industry TrendsLong gone are the days when hedge funds were for just for university foundations and rich guys. As this new ranking from Pensions & Investments shows, 72% of the assets of the largest 10 US hedge fund managers are institutional. None of the names will surprise you. But what’s interesting about the list is that it contains the proportion of institutional assets managed by each firm (all are north of 60%).
The analysis accompanying the ranking is also worth a read. It describes what amounts to four archetypes of how an institutional hedge fund managers is created: high performance (e.g. Paulson), alpha/beta separation (e.g. Bridgewater), high net-worth (e.g. Citadel), and quant strategies (e.g. D.E. Shaw).
The article title could be also ; TOP Hedge-Fund employers! I’ll put Goldman and Sach at the top of the list!
the … proportion of institutional assets managed by each firm (all are north of 60%).
More accurately, the proportions of each firm’s assets that are institutional. Harvard Endowment notwithstanding, it’d be hard for 60% of institutions’ assets to be in hedge funds.