Billion dollar club

Fri Sep 1, 2006



GSAM stays on top as assets of top 218 U.S. funds near $1 trillion

Despite this spring's poor performance by many U.S. hedge funds, assets of the top players are still registering stunning increases. The 42 biggest funds all shot up during the first six months of the year, with assets of the top four growing at an amazing rate - between 23% and 48%.

In the Absolute Return biannual survey of U.S. hedge fund firms managing more than $1 billion in assets, 218 firms have approximately $984 billion in assets. That is $134 billion more than the top 207 firms were managing at that the start of the year and $241 billion more than the top 196 firms were running last summer. And the big just continue to get bigger: 65 firms now manage $5 billion or more, while the top 20 firms control almost a third of...

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