The Biggest Hedge Funds in the World
Having a hedge fund is a great way to earn money. However, there are a few different things that you need to know before you get started. For instance, you need to know how to calculate the value of the fund. This is so that you can decide if it is a good investment.
MGM Resorts International
Among the largest hedge fund holdings of MGM Resorts International is Keith Meister’s Corvex Capital. This fund owns 6.6 million shares of MGM and has a total value of $198 million.
Another major MGM stake is owned by Two Sigma Advisors. This fund has $27 million in stakes in International Game Technology PLC (NYSE:IGT). It is one of the largest holders of the stock in the 13F database.
Another big holding in the company is SRS Investment Management. This fund has 6.9% of its 13F portfolio invested in MGM. This is the second largest position. Other notable hedge funds that have a big MGM stake include Mason Hawks’s Southeastern Asset Management and Richard Mashaal’s Rima Senvest Management. Both funds have a large percentage of their portfolios allocated to MGM.
Other institutions that have a large MGM stake include Fifth Third Bancorp and the State of Michigan Retirement System. Both institutions have added to their holdings in the 2nd quarter. The Fifth Third Bancorp held 10,440 shares of MGM at the end of the quarter for $302,000. The State of Michigan Retirement System holds 95,444 shares of MGM for $2,763,000.
Despite the fact that the market has appreciated 9% over the last three months, the price of MGM Resorts International has increased only 19%. This is a clear sign that the company’s recent stronger than expected results are helping drive its share price.
Children's Investment Fund
Founded by billionaire Christopher Hohn in 2003, The Children’s Investment Fund (TCI) is one of the largest hedge funds in the world. This hedge fund has an asset value of US$35 billion. Its CEO is Sir Christopher Hohn. The fund’s philanthropy has helped shape the market for antiretroviral medications for children in developing countries.
The hedge fund is also a prominent advocate for climate change. Its $500 million annual budget aims to improve the lives of children in poorer developing nations. It has worked with other partners to increase the number of children treated for HIV. In addition, $200 million of the budget is directed toward climate change. The fund was created by former private equity investor Chris Hohn. He studied at Southampton University and went on to attend Harvard Business School. After completing his MBA, he joined Perry Capital. He later left the firm to start his own hedge fund. He has also been knighted for his philanthropic work.
The TCI Fund Management is based in the Cayman Islands. It has invested in a variety of transportation companies, including CSX, Comcast, KTHL, UPS, and Federal Express. The fund holds highly concentrated stakes based on deep fundamental research.
The fund is not actively trading. The investment strategy focuses on long-term horizons and is a private equity investment approach. It has a 2% management fee. The fund has invested in the information technology sector, including Alphabet and Microsoft. It also has shares in Anthem, Coal India, Adobe Systems, VISA, and the Canadian National Railway Company.
Located in Miami, Florida, Citadel is one of the world’s largest hedge funds. Its diversified portfolio comprises assets of over $57 billion, spread across several investment strategies. The firm’s portfolio includes stocks, commodities, private markets and long-only credit strategies.
The firm’s flagship fund has seen outstanding returns this year. The fund is powered by fundamental long-short equity and tactical trading strategies. In a spokesman’s statement, the firm said its flagship fund saw a “strong” performance last month. Its flagship fund has gained about 15% since the beginning of the year. The fund’s Tactical Trading fund climbed 2.4% in September. The fund’s other notable accomplishments include the Wellington multi-strategy fund, which has gained about 30.7% so far this year. The fund has also outperformed the general market.
The company is a major market maker. It is responsible for one of every five stock trades made in the U.S. It also has PFOF agreements with electronic brokerages. The fund has also been credited with the largest single-quarter inflows into the US hedge fund industry in seven years. Its latest 13F filing shows the fund acquired 4,426,634 shares for $113 million. The fund has also moved its global headquarters to the Miami area from Chicago. It is estimated that the company has a staff of over 4,000 and has offices in 17 countries worldwide. In January, it hired Joanna Welsh as its Chief Risk Officer.
Eton Park Capital Management LP
Founded in 2004, Eton Park Capital Management LP is considered the largest hedge fund start-up in history. It’s a global multi-strategy hedge fund that manages over $7 billion in U.S. equity assets and invests in alternative investment markets. It has offices in New York, London and Hong Kong. Eton Park Capital is led by former Goldman Sachs partner Eric Mindich. At age 27, he became the youngest partner in Goldman’s history. He was also a star trader during his time at the firm.
Mindich launched the fund with three billion dollars of capital and it soon grew to manage more than $14 billion. It was a star-studded fund at its launch, with some of the biggest names in the business putting their money in.
However, in 2016, the firm suffered from poor returns, losing nine percent. While the average hedge fund has lost 7 percent, Eton Park’s main portfolio has been flat. The firm has a team of investors that are based in New York, London and Hong Kong. It invests in publicly traded securities, as well as in private transactions. It also invests on behalf of family offices, pension funds and charitable organizations. Eton Park’s main fund had a 17.6 percent return through mid-November. In addition, it has been losing less than the industry average, and it has outperformed the Standard & Poor’s 500 index by 25 percent.
Founded by Wall Street legend Ray Dalio, Bridgewater Associates is one of the biggest hedge funds in the world. It manages assets for institutional clients. Originally started as an institutional investment advisory service, Bridgewater later branched out into money management. The firm’s total assets now amount to $235.5 billion.
The fund also boasts one of the largest cumulative net profits of any hedge fund. Its flagship Pure Alpha fund, which rose 27% in 2010, is on track for its best year in five years. However, in the fourth quarter, it dropped 13%.
The fund has a 3.3% stake in PepsiCo, which owns popular household brands such as Lay’s, Mountain Dew, and Cheetos. The company pays quarterly dividends. PepsiCo has increased dividends for 49 consecutive years, and has an annual dividend yield of 2.58%. Its products are sold in more than 150 countries. Its flagship Coca-Cola brand pays $1.54 per share quarterly.
Other big names in Bridgewater’s portfolio include Mondelez International, which owns Oreo, Chips Ahoy, and Cadbury. The firm is short the German chemical companies BASF and SAP SE. It has short positions in 28 European companies. In June, Bridgewater Capital Management ramped up short bets against European stocks to $10.5 billion. The firm’s short positions have helped to offset the losses from the top five holdings. In September, Dalio transferred his voting rights to the board. He still serves as the fund’s co-chief investment officer.