Assets run by the top 176 U.S. funds reach $645
The giants of the hedge fund industry continue to dominate
the rankings in our biannual survey of U.S. managers that run
over $1 billion in assets. Once again, Farallon has captured
top place with $12.5 billion under management, but volatility
player Bridgewater Associates is snapping hard at San
Francisco-based Farallon's heels with assets of $12.4 billion.
Having grown from $8.1 billion at the start of the year,
Bridgewater has pushed Citadel Investment Group out of the
second place it held in our last survey.
Perry Capital also enjoyed an extraordinary year with its
event-driven strategy, entering the top 10 with assets leaping
from $6.2 billion at the start of 2004 to $10.3 billion, along
with such heavyweights as D. E. Shaw and Och-Ziff, whose assets
soared by 73% and 44%, respectively. Goldman Sachs also...