50 Global Top Hedge Funds (1)
1) Bridgewater Associates Bridgewater United Fund
With a history of more than 40 years, Bridgewater can be considered an evergreen among hedge funds. This perennial in the world hedge fund list of the top even the top of the list of U.S. companies in charge of about $ 150 billion, the client mainly Consists of institutional clients, including foreign governments, central banks, corporate and public pensions, university endowments and charitable funds. It is headquartered in Connecticut, USA, and has a total of about 1,500 employees. It achieved positive returns during the 2008 financial crisis and has received dozens of awards to date related to its unique investment philosophy. . Bridgewater focuses on global macro strategies and proposes the theories such as all-weather investment strategies and alpha and beta strategy separation. Among them, the all-weather investment strategy emphasizes different types of asset portfolio allocations in different macroeconomic periods to achieve always profitable status. This is a key reason why it is still doing well after the collapse of Lehman Brothers in 2009.
2) AQR Capital Management.
Founded in 1998, AQR Capital Management is headquartered in Greenwich, Connecticut, with $159.2 billion under management and 693 employees, with offices in Boston, Chicago, Los Angeles, London and Sydney.
Combining financial theory and practical application, AQR manages pension funds, insurance companies, university endowments, sovereign wealth funds, and a variety of other assets. It emphasizes research-driven, high-tech enabled practical insights, economic intuition and disciplined risk management.
AQR's investment strategy is broad, including long-short, arbitrage, equity, global macro, insurance, absolute return, momentum, long strategies, etc. Its primary targets are value and momentum stocks. When selecting portfolios, AQR emphasizes a combination of fundamental and quantitative analysis and bottom-up stock selection. At the core of the investment are three principles: a systematic approach, diversification and alpha skills.
In addition, AQR has its own dedicated library of over 300 papers and journals available online to share their investment research findings with other investors.
3) Millennium Management Millennium Management
Millennium Management was founded in 1989 and has $33.6 billion under management. It has more than 1,900 employees and offices in the United States, Europe and Asia.
Millennium Management's investment approach is very risk-based. It prefers high returns with a certain amount of risk (such as a low Sharpe ratio) than high risk with high returns. It also expects trading teams to have smaller gains on days when they make money and smaller losses on days when they lose money, in this kind of Situations to strive for more earning days. If there is an opportunity to make a high return with a high risk of loss, AQR will make the team pass up such an opportunity. This risk averse investment philosophy has become a rule of thumb for the trading team.
Millennium Management's investment strategy focuses on diversification and globalization, including relative value, statistical arbitrage, M&A arbitrage, fixed income and commodities, etc. It is very diversified in terms of asset classes, commodity industries, and investment targets, and its investment targets include domestic and foreign equities, commodities, and other commodities. Debt, currencies, futures, forwards, options, etc.
It is worth mentioning that Millennium Management has a strong focus on the use of high technology. Its affiliated quantitative division has systems that enable amateur traders to submit algorithms for specific trades.
4) Citadel Investment
The Castle Investment Group was founded in 1990 by Kenneth Griffin and has two companies - Castle Asset Management and Castle securities. Of these, Castle Asset Management manages more than $24 billion and also hedges in only three percent of the hedges that have been in operation for more than 20 years. The list of funds.
The Castle has attracted many of the world's largest institutional investors due to its proven track record, including sovereign wealth funds, pension funds, university donations etc. The firm has more than 1,400 employees and is headquartered in Chicago, with offices in North America, Asia and Europe.
Castle's investment approach is driven by a combination of rigorous fundamental research, high-end quantitative analysis and a proven technology platform. Investment principles are effort, scenario planning and repetition. The investment strategy focuses on some of the major asset classes in the world's largest financial markets, primarily equities, credit, quantitative strategies, and Commodities, Fixed Income and Macro.
Recently, Citadel announced the appointment of Microsoft Chief Operating Officer (COO) Kevin Turner ) as vice chairman of the company, and also serves as vice chairman of Citadel Securities Inc. ) CEO.Turner has been Microsoft's COO for 11 years and has extensive experience managing large, complex businesses and is an outstanding of corporate operations managers. As more and more hedge funds recruit from the high-tech sector, hedge fund strategies are becoming increasingly reliant on high tech. To achieve higher returns than their rivals, technological innovation may become a key factor.
