Billion dollar club

Wed Mar 1, 2006



Goldman Sachs jumps to first place, as assets run by top 207 U.S. funds close in on $1 trillion despite a year of redemptions

Despite a rocky year in which many hedge funds faced redemptions, the heavyweights continue to rake it in, pushing the total assets under management of the top U.S. hedge funds close to a trillion dollars. In the Absolute Return biannual survey of U.S. hedge fund firms managing more than $1 billion in assets, 207 hedge fund firms are managing approximately $850 billion in assets. That's $250 billion more than the top 176 U.S. funds were managing at the start of 2005.

And the biggest are getting bigger. Goldman Sachs Asset Management has managed to garner the coveted top spot for the first time with a total of $22 billion in assets, a 96.4% growth over the $11.2 billion it had at the...

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