Hedge Fund Rankings
Hedge fund rankings are a way to see which funds are performing the best. When you know which funds are doing well, you can invest in them and make some
money. Thankfully, there are a few sites that provide these rankings.
AQR Capital Management
AQR Capital Management is the largest hedge fund in the world by assets under management. The firm, which was founded in 1998, was one of the first investment managers to offer alternative strategies in mutual fund form. Today, AQR manages more than $132 billion in assets. It has offices in Greenwich, Connecticut; Los Angeles and Hong Kong.
AQR Capital Management focuses on a quantitative, research-driven approach. They develop ideas that stand up to rigorous testing and strive to produce superior long term results for their clients. As a result, they offer a wide range of products, spanning from aggressive high volatility market-neutral funds to benchmark-driven traditional strategies.
Currently, AQR’s portfolio includes the newest fund in their lineup: the Sustainable Long-Short Equity Fund. Its current return is 14 percent year-to-date, and it has outperformed most of its peers.
In addition to their equity investments, AQR also has a number of private investment funds. Some of these include a large cap defensive style fund and an assetallocation fund. These funds are for individuals and institutions with a variety of needs.
AQR Capital Management employs 190 people in its Greenwich, Connecticut office. Many of the firm’s employees hold advanced degrees. As part of its mission to provide superior long-term results for clients, AQR offers a variety of products. These include a global macro strategy that has returned 21 percent net year-to-date.
Another top performer for the month was AQR’s managed futures strategy HV fund, which returned 10.7 percent. Also, the Absolute Return fund posted a 8.3 percent gain, and AQR’s style premia alternative mutual fund finished with a 10 percent return in April.
AQR Capital Management recently filed its 13F report for the third quarter of 2022. This report outlines the guru’s equity portfolio.
Renaissance Technologies is a New York based quantitative hedge fund, with a storied history of fantastic returns. The firm, which started out trading commodities, has since expanded to include stock and futures contracts. This is a quant-focused fund, combining computer models and statistical analysis to uncover technical indicators in the markets.
There are two different types of Renaissance funds – one that is open to the public and another that is restricted to the firm’s own employees. Although the latter may not be as successful as the former, it still represents an opportunity to invest in a company that uses advanced technologies to make its trades.
Renaissance’s most recognizable product is its signature Medallion Fund. For the past 30 years, it has consistently outperformed the market. Its performance has drawn the attention of the media and the masses, as well as investors. According to Renaissance, the Medallion is a fund that uses mathematical, statistical, and technological strategies to determine potential trends in the markets. One reason for its success is the firm’s commitment to using data pipelines that other companies cannot compete with.
Renaissance Capital’s Medallion strategy is a well-oiled machine. In fact, it had a positive return of 76% in 2020. However, the company’s public funds have not performed as well. Their public offerings returned negative 19% in 2020. The company uses a variety of strategies, including systematic trading, automated trading, and statistical and mathematical analysis. It also relies on historical data to train its models.
Founded in 1982 by Jim Simons and Howard Morgan, the firm has grown to more than $100 billion. They are headquartered in East Setauket, NY. Despite their success, Renaissance has been plagued by lawsuits and other legal troubles. In 2021, the IRS levied a $7 billion fine on the firm.
Adage Capital Management
Adage Capital Management ranks as one of the top hedge funds in the world. This fund is located in Massachusetts and manages $42 billion in assets. The company is not a publicly traded firm, but its funds are managed for clients including foundations, endowments, and universities.
During the 2008 financial crisis, Adage Capital Management suffered 38 percent losses. However, the firm bounced back with 41 percent gains in 2009. In fact, it ranked as the No. 1 hedge fund in the Alpha Hedge Fund Report Card, and its performance was praised by investors.
The largest hedge fund in the world serves the needs of institutional clients, endowments, foreign governments, and philanthropic organizations. It invests in long/short credit, equities, and real estate.
It’s important to remember that there are many factors that affect the performance of hedge funds, and they are not always related to public markets. One example is the value of currency exchange rates. Also, some managers use non-hedge fund strategies.
Some of the most notable hedge funds are Och-Ziff Capital Management, Davidson Kempner Capital Management, Elliot Management Corporation, Bridgewater Associates, and Winton Capital Management. They each have a unique approach to the hedge fund business.
Och-Ziff is a global asset management company based in New York. It specializes in investing in high-yield bonds, equities, and debt. Other areas of focus are technology, telecommunications, health/life sciences, media, and environmental/energy technologies.
Davidson Kempner has been providing investment services for more than thirty years. It’s employee owned and has assets of $25.4 billion. Elliott Management has $27 billion in assets. It focuses on long/short credit, global macro investing, and multi-manager investments. The fund’s portfolio has holdings in private equity, publicly traded debt, and real estate.
Lighthouse Investment Partners
Lighthouse Investment Partners, LLC, an investment manager headquartered in New York, is well known for its hedge fund products, as well as pooled investment vehicles. Its advisory fees are based on a percentage of assets under management, and don’t include brokerage commissions or taxes.
It also has a number of streams of revenue, including performance based fees, which are paid directly by clients. The firm’s hedge fund product, the Lighthouse Credit Opportunities Fund, was awarded best in its category at Hedge Funds Review’s annual awards ceremony.
Lighthouse Investment Partners, LLC is also well positioned in the global hedge fund rankings. Aside from its hedge fund product, the firm has three pools of assets, including the Castle Hook Global Multi-Asset Fund, which uses macroeconomic analysis to bet across asset classes.
While most of the larger hedge funds are doing well, smaller funds haven’t yet hit double digit returns. As a result, investors are opting for less costly alternatives. However, they’re still trailing the U.S. stock market in the third quarter.
In its latest Q2 2021 Brand Awareness Rankings report, eVestment, a leading provider of institutional investment data, rated the top 20 managers with asset owners. These funds performed the best in terms of brand awareness.
Of the most prominent strategies in the category, the eVestment data points to the 1060 Capital Management’s 1060 Capital Opportunity Fund as the most eyeballed hedge fund on its platform. Other winners included the Bainbridge Partners’ Aperio Master AlphaStrategy Ltd and East Lodge Capital’s East Lodge Capital Credit Opportunities Fund.
Overall, the eVestment data points out that the industry-wide average return was a rather dull -0.32 percent. However, event-driven hedge funds had a strong month. They drew net inflows of nearly $4 billion.
Millennium Management is one of the largest hedge fund firms in the world. The firm has been a top performer for many years and is now ranked 12th on LCH Investments’ list of the most successful hedge funds.
Millennium Management is led by Izzy Englander and has an extensive portfolio of quality names. It is one of the world’s largest alternative asset management firms, with over $50 billion in assets under management.The firm uses an investment style that emphasizes quantitative trading,
fundamental analysis and technical analysis. Millennium Management invests in a variety of high-risk investment classes, including private equity, real estate, energy and commodities. In addition, it seeks to diversify its portfolio through debt and fixed income.
Millennium Management operates globally. It has offices in America, Asia, and Europe. The firm employs over 2,800 people in New York and Europe. It is currently looking to raise $7.1 billion in March 2020.
Millennium Management’s style is a blend of classic and newer hedge fund strategies. It uses technical and fundamental analysis and focuses on derivatives trades and fast-paced quantitative trades.
The company’s co-CEO Israel Englander is a former stock broker and investment mogul. He founded Millennium Management with Ronald Shear in 1989. Initially funded by wealthy Canadian financiers, the firm has grown to $50 billion in assets under management.
Millennium Management’s performance is a reflection of the high volatility of the market. While the firm has returned over 10 percent of its assets each year, it is also possible that its portfolio will be disappointing to investors because of its high expectations for profitability.
Millennium Investments’ pay structure is more granular than most other large hedge funds. Each team is rewarded based on its individual performance.