50 Global Top Hedge Funds (6)
21) GAM
Founded in 1983 and headquartered in Zurich, Switzerland, the company has CHF 119 billion (approx. 1235) under management. billion), of which about CHF 66 billion is traded by investment specialists in hedge funds. It has more than 1,000 employees in 11 countries around the world. The founder, Gilbert de Botton, was once considered a pioneer of the open architecture model.
The company was acquired by UBS in 1999 and JuliusBaer acquired GAM in 2005.By 2009, the company separated from Julius Baer to create a separate group, and has since acquired a number of other companies as well.
The company's proportion of assets in the five investment strategy directions of fixed income, multi-asset, equity, absolute return, and alternative investments were 30%, 16%, 16%, 29%, 9%. The firm invests extensively in fixed income, macro/managed futures, long/short equity, currency, and commodity markets and is committed to creating long-term A portfolio with absolute returns, controlled volatility and low correlation to traditional asset classes.
22) Marshall Wace
Founded in 1997 and with approximately $22 billion under management, the firm is a leading European hedge fund specializing in global long/short equity positions with offices in London, New York and Hong Kong.
The firm offers two distinct but complementary approaches to asset management. First, traditional, fundamental long-short investing based on equity analysis and research; second, pioneering, systematic investing that generates high alpha value of Marshall Wace TOPS.
The company has built a very robust infrastructure, operating platform, multi-factor risk control system and effective quantitative trading support system. In 2010, 2011 and 2013, the company was awarded "Buy-Side IT Department of the Year" by the Financial News.
In addition, the company places great emphasis on risk management. The firm has an independent risk management and advisory team that reports directly to the Chief Risk Officer. This team monitors risk factors in real time and works closely with fund managers. Through MW TOPS, the company's employees are able to analyze and make decisions about stocks in the market through the information flow.
23）Platinum Asset Management
Platinum is an Australian company with A$22 billion (about $17 billion) under management focused on Investment in international equities. Seven per cent of the company's funds are provided by investors in New Zealand, Europe, the Americas and Asia.
The company offers regional and sector funds in addition to its global portfolio. Key members of the management team also hold shares in the portfolio themselves.
In its investments, the firm seeks to identify stocks of companies that are undervalued in the market. The team identifies companies that are temporarily undervalued and those that are at a real disadvantage in terms of fundamental issues and business. The firm uses special software to screen target companies from a large database based on specific criteria and to identify companies that are likely to become undervalued in light of social, political and economic changes. It also allows for the creation of hypotheses to assist in the screening process. This also allows the process of investment decision making to combine quantitative and macro analysis.
24) Appaloosa Management
The company was founded in 1993 and is headquartered in New Jersey, USA, with approximately $14 billion under management. Founder David Tepper donated $67 million to Carnegie Mellon University, whose business school bears his name. The name (Tepper School of Business). The company invests primarily in the equity and fixed income markets around the world.
Early in its existence, the company was considered a junk bond investment boutique firm. In the early 2000s, it began to be viewed as a hedge fund. The firm's investment strategy focuses on a single investment, focusing on distressed company stocks and debt, debt, warrant swaps, options, and futures, junk bonds, etc.
(25) Farallon Capital Management, L.L.C.
Founded in 1986, the firm serves institutional clients including college donations, charitable funds, and pensions, as well as high net worth employees It has approximately 180 employees and manages approximately $21.5 billion. Headquartered in San Francisco, with offices in London, Singapore, Hong Kong, Tokyo and Sao Paulo. The firm invests in asset classes around the world, providing benefits to clients through bottom-up fundamental analysis with an emphasis on capital conservation. The firm has also been a registered investment advisor with the U.S. Securities and Exchange Commission since 1990.
The firm's five core investment strategies are: credit, long/short, merger arbitrage, real estate related and direct. Each of these investments is independently evaluated on a fundamental basis. The firm's asset allocation is global, with an equal focus on developed and emerging markets. The firm invests in public and private debt and equity securities, as well as making direct investments in private companies and real estate. The firm prioritizes capital preservation. Risk is controlled through rigorous research and analysis. In addition, the firm maintains good relationships with the management of the companies in which it invests.
