Largest hedge fund managers see growth, Pensions & Investments 2022 survey shows

Among hedge fund firms with at least $10 billion in assets in PIIn the 2022 hedge fund manager universe, New York-based Schonfeld Strategic Advisors LLC had the highest growth in AUM at 71% to a total of $13.8 billion as of June 30.

The growth propelled the company to 32nd in the hedge fund rankings from 51st in 2021, when company growth increased 46.1% to $8.1 billion.

Ryan Tolkin, CEO and CIO of the firm, said the multi-strategy firm has in the past year expanded its organic capacity by adding 20 new partners and dozens of fund analysts, technologists and trading experts, as well as developing long-term partnerships. with external commercial teams.

The company’s employee base now numbers 820 people in multiple offices around the world to accommodate 110 portfolio management teams and other employees.

“Our strong growth has been driven by opportunities in the markets during the year ended June 30,” Mr. Tolkin said.

The firm manages multiple hedge fund strategies within four broad categories: Quantitative, Core Equity, Tactical Trading, and Combined Discretionary and Fixed Income.

Within broad strategic areas, Schonfeld’s strategies range from long/short stocks, tactical trading, systematic arbitrage, event-based, risk and volatility, discretionary macro, commodities, and other approaches.

The firm continues to “increase the strategies it offers by seeking diversity across regions and markets from offices in the US, Asia, Australia, the Middle East, Europe and the Americas,” Mr. Tolkin said.

The firm is also growing its base of institutional investors, Mr. Tolkin said, noting that the firm works closely with clients by offering transparent relationships because “we want our clients to understand what we do.”

About three-quarters of Schonfeld’s AUMs are institutional.

Other $10B+ hedge fund firms with strong asset growth in PI’The Balyasny universe includes Balyasny Asset Management LLC, Chicago, up 60% in the year ended June 30. That took the multi-strategy firm to 27th place in PIwith $16 billion in assets from 39th place a year ago.

In written comments, Anita Nassar, Partner and Senior Managing Director, said: “Balyasny’s goal is to empower our LPs to be the best investors they can be. We partner with our investors in a way that ensures transparency, alignment of interests and long-term goals, which has contributed to our growth.”

He added that “to this end, we encourage a lengthy due diligence process and investors have access to our risk analysis, investment process and data intelligence.”

Miami-based tail risk specialist Universa Investments LP rose to 24th in the ranking with AUM of $19.1 billion, up 54.4% from 32nd in 2021.

Brandon Yarckin, chief operating officer, said in an interview that the company’s growth was fueled by a “significant majority of new investors,” noting that “Universa shines when the markets get really bad. Pension funds get very nervous when the markets are like this. We give them more security and help investors focus more on risk and drawdowns.”

London-based Man Group PLC reported a 15.9% rise in its global hedge fund assets under management to $73.5 billion as of June 30.

“If you look at the last 12 months ended June 30, institutional investor demand was focused on a combination of strong strategies, especially quantitative macro and equity market neutral strategies, that performed well in tough markets. Net inflows also went to outright strategies. There were big moves into commodities and currencies on rising inflation” over the time period, Mark Jones, deputy chief executive officer, said in an interview.

On the positive side, Mr. Jones said market conditions are creating more dispersion among companies, providing more investment opportunities for hedge fund managers.

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