AUM ranking and changes by June, 2020 (indicative of returns)
P&I Online has compiled a ranking of hedge fund AUMs as of June 30, 2020 and changes from 2019. This would give you a rough idea of who was doing well/poorly recently.
Link: https://www.pionline.com/interactive/largest-hedg…
Some biggest drops I saw: Bridgewater (-25%), AQR (-47%), King Street (-25%), Anchorage (-10%), Two Sigma (-10%).
Some notable increases: Millennium (13%), Elliott (11%), DK (3%), Farallon (9%), Point72 (23%).
(The Assets below are in $ millions).
Missing a ton of funds in the 3-10bn range... Doesn't mean much when it is this inaccurate
Of note, Renaissance’s numbers are probably from their medallion fund which cannot receive new allocations (except employees). Their funds you can invest in are down meaningfully.
I wouldn’t think so. I don’t believe the employee only medallion is $70bln. I agree some of their funds are down but at that number it looks like at least a combo of internal and external. Keep in mind they could have raised funds so the AUM figure wouldn’t give you their performance.
You are correct, medallion only has $10B AUM, they give capital back at the start of every year to keep it at that size.
ohhh so this is not excluding the impact of flows? I stand corrected. it'd be interesting to see AUM and net flows side by side. I should've said their numbers are probably influenced heavily by the medallion fund. my bad
my only point is the renaissance strategies I've invested in are not doing well, so I had a hard time believing that their total asset base was up 3% with this strategy down nearly 20%
As someone else said, this AUM changes ranking is likely a combination of redemption/raising + portfolio returns. By saying "indicative of returns," I meant it implies the fund's overall performance (though not being directly equal to returns). If a fund f*cked up, heavy redemption typically follows (with delay) in addition to the portfolio drop. Meanwhile if they did well, they could easily raise more if they wanted to.
This might be helpful to those who do not have paid subscription to fund performance reports or with only incomplete subscription.
wtf happened to AQR?
value factor bruh
https://www.fnlondon.com/articles/billionaire-cliff-asness-pegs-aqr-reb…
thanks mate, value crap strategies justify all the outflows
They were hit hard several times for the last two years at least, and had heavy redemption.
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