The quant hedge fund D.E. Shaw is the most glaring absence from AR Magazine’s latest list (subscription required) of the biggest hedge funds in the US.
Back in March, DE Shaw made it onto the list of the top 10 biggest hedge funds in the world.
The firm recently announced 150 layoffs because of the fund’s lower assets under management. DE Shaw used to manage $29 billion at its peak, and $23 billion just six months ago.
We also think the next edition of this list will be very interesting. It may just be a rumour, but we’ve heard that Bridgewater, currently #1, has been facing a lot of employee turnover.
TOP 10 HEDGE FUNDS IN THE AMERICAS
AUM ($ billions)
Paulson & Co.
Soros Fund Management
Och-Ziff Capital Management Group
Angelo, Gordon & Co.
Farallon Capital Management
King Street Capital Management
Source: AR Magazine
In March, DE Shaw would have made the list at number 6, as Pensions and Investments showed their assets under management at $23 billion.