D.E. Shaw Firing, but other Top Hedge Funds are Hiring

Last week, hedge fund job seekers received unwelcome news when industry giant New York-based hedge fund manager D.E. Shaw & Co. announced that it was cutting 10 percent of its workforce, representing approximately 150 hedge fund industry jobs. Despite the layoffs at David Shaw’s quant shop, many other prominent hedge funds continue to hire.

As evidenced by HedgeTracker’s Hedge Fund Job Center, a large number of firms are looking to add talented portfolio managers, research analysts, fund raisers and operations professionals to bolster their teams. Some of the major hedge fund firms that appear on the hedge fund job board include: Steven A. Cohen’s SAC Capital Advisors, David Harding’s quantitative focused Winton Capital Management, multi-strategy behemoth Fortress Investment Group, Clint Carlson’s Dallas-based Carlson Capital, HBK Investments, and OakTree Capital Management.

The hedge fund job board also includes positions from more traditional investment managers, like Martin J. Whitman’s value-focused Third Avenue Management, Bill Gross’ fixed income focused PIMCO, Mario J. Gabelli’s GARP focused GAMCO Asset Management, and pension giant TIAA-CREF Investment Management.

Dalio’s Bridgewater Associates retains position as top US Hedge Fund

Ray Dalio’s Westport-based Bridgewater Associates continues to reign as the United States’ largest hedge fund. According to the Wall Street Journal, Bridgewater, which manages $50.9 billion as of July 1, outranks J.P. Morgan Asset Management - which takes second place with $41.1 billion in assets under management (AUM) - by nearly $10 billion. The bulk of JPM’s hedge fund assets are managed by Highbridge Capital Management, its multi-strategy hedge fund management subsidiary.

John Paulson’s Paulson & Co follows in third place with $31 billion in AUM. Bridgewater’s success this year is largely due to the strong performance of its Pure Alpha Fund II.

David Tepper is bullish on Stocks

An interview this morning on CNBC’s Squawk Box with Appaloosa Management’s David Tepper reportedly helped move the US stock market higher. The respected hedge fund guru is moving into stocks, saying that if the economy does well over the next few months, stocks are going to do well, while bonds and gold will not do as well...

Paul Tudor Jones is Not Making Investors Any Money

Greenwich hedge funder Paul Tudor Jones might be a Forbes billionaire but he’s not helping his investors make the big bucks this year. According to an investor, BVI Global, his largest fund at Tudor Investment Corporation, is negative .9 percent as of September 20th. Meaning the 10 billionish of investor money he runs, in BVI, is lagging behind the industry average (Global Diversified Sector) whose average performance, according to HSBC, is positive 2.1 percent.

Source

Hedge Fund Seizing L.A. Radio Mogul’s Huge Estate

Connecticut hedge fund New Stream Capital is about to seize one of LA’s most expensive mansions. Self made radio mogul Ken Roberts, who’s been tied up in a nasty loan-to-own battle with the fund, told ME he’s set to turn the keys over Monday because he couldn’t pay back the $27.5 million he was court ordered to pay the hedge fund. Roberts says–like others who took short-term high-interest loans from Ridgefield-based New Stream, and secured the notes with their most valuable possessions– has discovered the fund wasn’t intending to just make him a loan, it really wanted to get control of his high-value property.

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Hedge Fund Directory

I thought that these lists of top hedge funds would be of interest to our readers. Some of hottest hedge fund styles currently include:
Growth Focused Hedge Funds
Global Macro Focused Hedge Funds
Event-Driven Foucsed Hedge Funds
Long/Short Equity Hedge Funds

Jim Pallotta launches Raptor Evolution Fund

Legendary hedge fund manager Jim Pallotta is returning to the industry with the launch of the Raptor Evolution Fund. The new hedge fund management firm has reportedly raised approximately $200 million and will employ the same long/short equity strategy that established Pallotta during his impressive run at Paul Tudor Jones’ Tudor Investment Corporation. According to theNew York Times, Mr. Pallotta achieved returns that averaged over 19% annually over his 15 year tenure at Tudor.

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