Top hedge funds lead industry assets to $1.3 Trillion mark
| March 14th, 2011 |
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Hedge fund industry assets in the United States for managers with more than $1 billion in assets under management grew by $115 billion during 2010, reaching $1.297 trillion. According to a recent survey by AR Magazine, the industry growth rate closely matched overall performance of hedge funds in the AR Composite during 2010, which averaged a 9.15% return.
While the $1.3 trillion mark is impressive, it is still a long way from the peak in July of 2008, when AR’s billion dollar plus top hedge fund list oversaw an impressive $1.675 trillion.
Not surprisingly, Ray Dalio’s Bridgewater Associates topped the list as the largest hedge fund manager with $59 billion in assets. Bridgewater’s assets soared by over $15.3 billion during 2010, thanks largely to the performance of its flagship hedge fund, the Bridgewater Pure Alpha Fund II, which retuned 44.8% during the year.
JPMorgan Asset Management and its hedge fund group Highbridge Capital Management claimed the second spot with $45.5 billion. It was followed by John Paulson’s Paulson & Co., which oversaw $36 billion at the end of the year.
Bridgewater, Highbridge Capital and Paulson & Co. held the same spots in the Wall Street Journal’s top hedge fund list for 2010, which tallied assets as of Jul 1st of 2010.
Rounding out the top five are George Soros’ global macro focused Soros Fund Management and Daniel Och’s multi-strategy shop, Och-Ziff Capital Management (NYSE: OZM).
| Rank | Institution | Assets ($MM) | | 1 | Bridgewater Associates LP | $50,900 | | 2 | JP Morgan (Highbridge Capital Management) | $41,100 | | 3 | Paulson & Co. | $31,000 | | 4 | Soros Fund Management | $27,000 | | 5 | Och-Ziff Capital Management | $25,300 | | 6 | BlackRock | $22,800 | | 7 | Angelo Gordon & Co. | $22,700 | | 8 | The Baupost Group | $22,000 | | 9 | Farallon Capital Management | $20,000 | | 10 | King Street Capital Management | $19,300 |
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For Detailed Investor Profiles on these Investors, click below: |
| Andrew J.M. Spokes; | Brian Higgins ; | Daniel Och; | David Windreich; | George Rizk; | George Soros; | Glenn Dubin; | Harold Kelly; | Henry Swieca*; | Jeff Eberwein; | John Paulson; | Laurence D. Fink; | Mary Callahan Erdoes (JPM); | Matthew Barger*; | Mena Gerowin; | Michael Cohen; | Mike Barr; | O. Francis Biondi; | Ray Dalio; | Robert Donald; | Robert Soros; | Scott Bessent; | Scott Kapnick; | Seth A. Klarman; | Stuart Merzer; | Thomas Steyer; | Todd Builione; | Zameer Arora; | Zoltan Varga | | Bridgewater All Weather; | Bridgewater Pure Alpha Fund II; | King Street Capital LP; | King Street Capital LP; | King Street Capital Ltd; | King Street Europe LP; | King Street Institutional Ltd; | Merrill Lynch Investment Managers; | PNC Financial Services; | State Street Research & Management; | Bank of America; | Baupost Capital; | Baupost Fund; | Baupost Group Inc, Baupost Group LLC; | Baupost Value Partners; | BlackRock Equity Funds; | Blackstone Group*; | Bridgewater Associates Pure Alpha Fund; | BSP Partners; | Farallon Capital Institutional Partners; | Farallon Capital Partners; | Farallon Credit Opportunity; | Farallon Special Situations; | Hellman & Friedman; | Highbridge Capital LP; | Highbridge Convertible Arbitrage Opportunities Fund; | Highbridge Event Driven Relative Value Fund LP; | Highbridge Long Short Equity Fund LP; | Highbridge Statistical Market Neutral mutual fund; | JPMorgan Chase & Co; | King Street Advisors LLC; | Margin of Safety; | Margin of Safety; | Noonday Global Management; | Noonday Global Management.; | Och-Ziff Capital Structure Arbitrage; | OZ Credit Opportunities; | OZ Master Fund; | Paulson Advantage Master Ltd; | Paulson Advantage Plus Master Ltd; | Paulson Real Estate Recovery Fund; | Paulson Recovery Fund; | PCI; | Pharos Financial Group (seeded) ; | Quantum Emerging Growth Fund; | Quantum Fund; | Quantum Group of Funds; | Soros Capital LP; | Soros European Equity Fund; | Soros Quantum Endowment Fund; | Ziff Brothers | More Recent Headlines
