Quantitatively managed funds posted a strong showing for the second straight year in Institutional Investor’s Alpha’s 16th-annual Hedge Fund 100 ranking of global hedge fund firms by assets. For many firms, 2016 was a tough year for capital raising, with the total $1.65 trillion managed by the 100 largest firms falling 0.6 percent from the previous year. In the 2015 ranking, the total rose just 1.5 percent over the previous year.
Still, several of the quant firms climbed several notches in the ranking after growing their assets substantially, as they also did in 2015. Some took advantage of the strategy’s popularity to raise new money from investors; strong performance by several of these funds also helped.