Billion Dollar Club: 2007 January

Thu Mar 1, 2007

JPMorgan takes top spot as assets of top 241 U.S. funds cross $1 trillion

As money continued to flow into alternatives last year, combined assets at the largest U.S. hedge funds finally crossed the trillion-dollar mark. The top thgreenlree firms each exceeded $30 billion in assets for the first time, with JPMorgan Asset Management unseating Goldman Sachs Asset Management as the largest hedge fund platform, with $34 billion. Among the top tier, Renaissance Technologies joins the top 10 for the first time, and Cerberus Capital Management rejoins the list after a three-year hiatus.

The Absolute Return Billion Dollar Club, our biannual survey of U.S. hedge funds, shows that 241 firms, each managing more than $1 billion, held a combined total of nearly $1.2 trillion as of January 1. That is about $215 billion more than the top 218 firms were managing this past summer and $347 billion more...

ISSN: 2151-1845 / CDC10004H

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