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