Saba Capital, Pershing Square, and Third Point among Cliffwater's Hedge Fund A-Listers

August 20, 2012 10:36 AM EDT
A weekend article in the New York Post, citing research from pension advisor Cliffwater, names names in the world of the Hedge fund elite. The A-listers include Bill Ackman of Pershing Sqare, Dan Loeb of Third Point, and 2 separate funds by Boaz Weinstein of Saba Capital.

Cliffwater monitors 1500 hedge funds and grades them A, B, or C. The company also advises pension funds and other "sticky" money and is a gatekeeper in the world of institutional investing. Of the 1500 hedge funds it monitors, only 95 of them are worthy to be called "A-listers."

Some other notable A-listers include funds managed by Jim Chanos of Kynikos Associates and James Melcher of Balestra Capital.

One other point worth noting is that the previously mentioned fund, Saba Capital, is notorious for being a counterparty with JPMorgan (NYSE: JPM) in the London Whale trades. Being victorious in high profile trades has its advantages, including membership in this elite club.

Besides being rich, notorious in the hedge fund community, and handed billions to manage, it is unknown what advantages A-listers receive in the real world. For example, Hollywood A-listers are often given the best seats at the swankiest restaurants in Manhattan. Similarly, rumors say hedge fund A-listers, when they go out in public, are often spotted slipping in through the back-door to avoid being pelted by Occupy Wall Street protesters, who are likely the only people in New York City who can recognize them.

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Daniel Loeb, William Ackman, Pershing Square Capital, JPMorgan, Third Point LLC, Balestra Capital, Hedge Funds, Jim Chanos, Kynikos Associates

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