Billion Dollar Club

By Katrina Dean Allen

Thu Sep 30, 2010


The largest 217 American hedge fund firms gain $20 billion in the first half of 2010, for a total of $1.202 trillion. The top three firms—Bridgewater Associates, JPMorgan Asset Management and Paulson & Co.—maintain their dominance.


By Katrina Dean Allen

With hedge funds struggling to make money in 2010, it's no surprise that the amount they manage has stagnated. The Billion Dollar Club survey-AR's biannual look at American hedge funds managing $1 billion or more in assets-shows that the 217 hedge fund firms in that exclusive group managed a combined total of $1.202 trillion as of July 2010.

That's barely more than they managed at the beginning of the year, when 213 firms held a combined total of $1.182 trillion, and just 11% more than they managed one year ago, when only 205 firms managed $1 billion or more and assets stood at $1.084 trillion. Assets are still a long way from their peak in July 2008, when the biggest 268 American firms managed $1.675 trillion.

And with the strength of the economic recovery looking increasingly uncertain, the picture isn't...

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