The biggest players are getting bigger, and accounting for an ever increasing proportion of the hedge fund industry’s total assets. That is the clear message of the latest statistics on the Global Billion Dollar Club – the elite group of bigger firms that manage $1 billion or more of hedge fund assets.
Neil Wilson, managing editor, HedgeFund Intelligence
Collectively, the Global Billion Dollar Club now manages assets of just over $1.7 trillion, up from just under $1.5 trillion a year before, and now over 84% of the industry’s total assets – up a little again from about 82% one year ago. However, the latest figures confirm perceptions that the concentration of assets among the very biggest players – the ‘super-league’ of fund groups that manage $5 billion or more – has increased substantially during the year.