Billion Dollar Club
By Anastasia Donde
Mon Oct 3, 2011
The largest 241 American hedge fund firms gain $102 billion in the first half of 2011, for a total of $1.399 trillion. Bridgewater Associates maintains its number one spot with $70.30 billion
Even though some big-name hedge fund managers
called it quits in the first half of this year and performance
has been dismal for many firms, the hedge fund industry grew by
$102 billion during the first six months of 2011. That's thanks
in part to some sizable new fund launches, including a $5
billion launch from a brand-new firm, and the increasingly
fast-paced growth of some spinouts.
Some 241 firms with $1 billion or more in assets managed
$1.399 trillion combined as of July 1, according to AR's latest
biannual Billion Dollar Club survey, which tracks American
hedge funds managing $1 billion or more. That's up 7.86% from
the beginning of the year, when a combined 225 American hedge
fund firms managed $1.297 trillion. It's a $197 billion jump
from the same time last year, when 217 managers controlled
$1.202 trillion. But this number is still well shy of...
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