Neil Wilson, managing editor, HedgeFund Intelligence
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.
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.