Download Hedge Funds in Chicago

Hedge Funds in Chicago
The Facts
alternative assets. intelligent data.
Hedge Funds in Chicago
Using data from Preqin’s Hedge Fund Online, this factsheet looks in detail at the hedge fund industry in Chicago, from
investors and fund managers to recent fund launches and fund performance.
118
315
105
Number of Chicago-based
hedge funds tracked on Hedge
Fund Online.
+2.40%
Number of hedge fund
Number of Chicago-based
Net performance of
investors tracked by Preqin that hedge fund managers tracked Chicago-based hedge funds
are based in Chicago.
by Hedge Fund Online.
in 2015.
Locations of Chicago-Based Hedge Fund Managers and Investors
Hedge Fund Investors
Hedge Fund Managers
© 2016 Google Maps
Fig. 1: Largest Chicago-Based Hedge Fund Managers by Assets under Management
Manager
Year Established
Assets under Management
Citadel Advisors
1990
$24.0bn (As at 29 February 2016)
Balyasny Asset Management
2001
$11.8bn (As at 31 March 2016)
Chicago Equity Partners
2000
$9.8bn (As at 31 December 2015)
Driehaus Capital Management
1982
$8.5bn (As at 31 April 2016)
O'Connor
2000
$5.6bn (As at 31 April 2016)
Zacks Investment Management
1992
$3.5bn (As at 31 March 2015)
Alyeska Investment Group
2007
$3.1bn (As at 31 December 2015)
Anchor Bolt Capital
2011
$3.0bn (As at 31 January 2016)
RiverNorth Capital Management
2000
$3.0bn (As at 29 February 2016)
Kovitz Investment Group
2003
$2.7bn (As at 31 January 2016)
Elementum Advisors
2009
$2.4bn (As at 31 December 2015)
JHL Capital Group LLC
2006
$2.0bn (As at 31 March 2016)
Source: Preqin Hedge Fund Online
Page 1 of 3
© 2016 Preqin Ltd. / www.preqin.com
Hedge Funds in Chicago
The Facts
alternative assets. intelligent data.
Chicago-Based Hedge Fund Investors
Fig. 3: Strategy Preferences of Chicago-Based Hedge
Fund Investors
Investment Company
Diversified
Managed
Futures/CTA
Asset Manager
13%
Fixed Income
Arbitrage
Insurance Company
13%
34% 33% 32% 31%
Relative Value
Arbitrage
Long/Short Equity
Family Office
19%
38%
Risk/Merger
Arbitrage
Wealth Manager
9%
43% 43%
Distressed
Public Pension Fund
55%
51% 47%
Fixed Income
8%
64%
Macro
8%
76%
Event Driven
22%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Long/Short Credit
Fund of Hedge Funds
Manager
Private Sector Pension
Fund
Endowment Plan
Proportion of Investors
Foundation
1%
5% 2%
Multi-Strategy
Fig. 2: Chicago-Based Hedge Fund Investors by Type
Strategy Preference
Source: Preqin Hedge Fund Online
Fig. 4: Five Largest Chicago-Based Hedge Fund Investors
by Current Allocation to Hedge Funds
Current Allocation
to Hedge Funds
($bn)
Boeing Company
Pension Fund
Private Sector
Pension Fund
5.5
Exelon Corporation
Pension Fund
Private Sector
Pension Fund
2.2
Insurance Company
2.1
Endowment Plan
1.8
CNA Financial
University of Chicago
Endowment
Abbott Laboratories
Pension Plan
Fig. 5: Structural Preferences of Chicago-Based Hedge
Fund Investors
90%
82%
80%
Proportion of Investors
Type
Investor
Source: Preqin Hedge Fund Online
70%
60%
50%
45%
40%
30%
17%
20%
8%
10%
Private Sector
Pension Fund
2%
1.6
0%
Hedge Fund
Source: Preqin Hedge Fund Online
Fund of
Managed
Hedge Funds Account
Alternative
Mutual Fund
UCITS
Structural Preference
Source: Preqin Hedge Fund Online
Fig. 6: Hedge Fund Investors: Chicago-Based vs. All US-Based
Chicago-Based Investors
All US-Based Investors
No. of Investors
Average Allocation to
Hedge Funds (As a %
of AUM)
Average No. of Hedge
Funds in Portfolio
Typical Hedge Fund
Investment Size ($mn)
105
10%
8-9
23 - 48
3,183
14%
11 - 13
14 - 41
Source: Preqin Hedge Fund Online
Preqin Hedge Fund Online: The Leading Source of Intelligence on the Hedge Fund Industry
Hedge Fund Online is Preqin’s award-winning hedge fund information resource, incorporating all of our hedge fund data,
intelligence and functionality, providing you with the most comprehensive coverage of the asset class available.
Arrange a demo to explore Preqin’s Hedge Fund Online:
www.preqin.com/demo
Page 2 of 3
© 2016 Preqin Ltd. / www.preqin.com
Hedge Funds in Chicago
The Facts
alternative assets. intelligent data.
Chicago-Based Hedge Fund Managers
Fig. 7: Core Strategies Offered by Chicago-Based Hedge
Funds
Fig. 8: Chicago-Based Hedge Fund Launches by Year of
Inception, 2000 - 2016 YTD (As at 8 June 2016)
50
Equity Strategies
5% 3%
Managed
Futures/CTAs
5%
Multi-Strategy
34%
14%
Relative Value
Strategies
Credit Strategies
40
33
35
29
30
25
20
10
17
15
15
11
15
17
13
11
10
6
6
3
5
Event Driven Strategies
14%
43
45
No. of Fund Launches
0%
6
4
1
2015
Niche Strategies
2016 YTD
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
Macro Strategies
25%
2001
2000
0
Year of Inception
Source: Preqin Hedge Fund Online
Fig. 9: Performance of Chicago-Based Hedge Funds vs.
All Hedge Funds
6%
5.12%
4.75%
5%
Fig. 10: Fund Types Offered by Chicago-Based Hedge
Funds
4.74%
8%
3.64%
4%
Net Return
Source: Preqin Hedge Fund Online
1%
2.83%
3%
2%
2.40%
1.89% 1.60%
1.43%
Hedge Fund
1%
25%
CTA
0%
-1%
Alternative
Mutual Fund
-1.19%
-1.80%
-2.34%
Chicago-Based Hedge Funds
UCITS
5-Year
Annualized
3-Year
Annualized
2-Year
Annualized
66%
2015
2016 YTD
-3%
12 Months
-2%
All Hedge Funds
Source: Preqin Hedge Fund Online
Source: Preqin Hedge Fund Online
Fig. 11: Five Recent Chicago-Based Hedge Fund Launches
Fund
Club Hill Credit Fund
Kabouter International Mission Offshore Fund
SWIM Partners
PW Partners Master Fund
Systematic Alternatives Fund
Manager
Core Strategy
Inception Date
Club Hill Capital
Fixed Income
Jun-15
Kabouter Management
Long Bias
Feb-15
SW Investment
Long/Short Equity
Jan-16
PW Partners
Long/Short Equity
Jun-15
50 South Capital Advisors
Multi-Strategy
Jan-15
Source: Preqin Hedge Fund Online
Research Center Premium
All of the free research reports, newsletters, statistics and tools Preqin offers can be found in one place: Preqin’s Research
Center Premium. Browse industry reports and newsletters, keep track of the latest industry stats, access fund performance
benchmarking tools and download charts and presentation slide decks.
For more information, please visit: www.preqin.com/rcp
Page 3 of 3
© 2016 Preqin Ltd. / www.preqin.com