Billion dollar club keeps growing

Thu Sep 1, 2005

Bridgewater jumps to first place, as overall assets of the top 196 players keep rising despite the tough market

Big U.S. hedge fund firms continue to dominate the industry and are generally boosting their assets despite a tougher investment environment. Our mid-year survey reveals that 196 firms that manage at least $1 billion in assets have a combined asset value of $743 billion, a 9.3% increase over our previous survey at the start of 2005. Collectively, the firms in our rankings now account for almost three-quarters of global hedge fund assets.

After a determined climb up our league table in recent years, Bridgewater Associates has finally leaped into top position with $17.7 billion in assets, thereby nudging San-Francisco-based Farallon Capital Management out of the number one slot. Although Farallon increased its assets by 10% to $13.8 billion, during the first half of 2005, it has slipped into fourth place...

ISSN: 2151-1845 / CDC10004H

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