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