Manager AUM Growth in 2024

Early April is an exciting time at OWL HQ with an influx of new ADVs, which managers file as of 3/31 for the prior fiscal year. This week, our team sifted through the data to find some interesting trends on which firms are growing (or shrinking) the most.

On our platform, we have created “OWL Groups” – curated lists of over 500 managers frequently found in leading allocators’ portfolios. These lists are categorized by geography, sector, and style, enabling our users to monitor groups of managers and their underlying disclosed holdings directly on the OWL platform.

The table below shows the AUM growth of a selection of these groups. As a reminder, these are selections of managers, not exhaustive lists of every manager of each type, so it’s the relative changes that we find most valuable to focus on. AUM in Form ADVs is also defined as “Regulatory AUM,” which can result in increased numbers for managers that use leverage.

In our full OWL Insights newsletter for our users, we broke down the decline in Biotech AUM with a detailed manager list, and also shared more detail on the growth of VC managers during 2024. If you’re interested in seeing more of this data and using OWL to find and monitor managers, reach out!

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About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

Disclaimers

Returns represent the return on invested capital of publicly disclosed long positions, as calculated by OWL. Actual returns may vary based on a number of factors, including (but not limited to) undisclosed positions, short exposure, non-equity holdings, cash holdings, and lagged disclosure of positions.

This newsletter and the material on the Old Well Labs platform are for informational purposes only and should not be considered investment advice or a recommendation of any particular security, manager, or strategy. Old Well Labs shall not be liable for any investment gain or loss that may occur from the use of this material. No part of this material may be reproduced in any form or used in any publication without express written permission from Old Well Labs.