The big funds are getting bigger, with the exception of
some leading equity funds which are shrinking
Bruce Kovner's Caxton Associates has emerged as the biggest
hedge fund in the world after an impressive period of
performance and continued asset inflows. Over the past 12
months, the New York-based firm saw its assets surge by $3
billion taking its total to over $10.5 billion.
Andor Capital Manage-ment, based in Greenwich, moved into
second place with assets of $9 billion after taking in $1.5
billion over the past 12 months, a particularly impressive feat
given that it was achieved in the teeth of the equity bear
market in which many equity specialists have seen assets
In fact, one of the principal findings from the Absolute
Return survey of the Top 100 US Hedge Fund Groups is the scale
of the investor flight from the big US equity shops....