The biggest hedge funds in the Americas added assets at a
steady clip during the first half of the year, with 268 firms
managing $1.42 trillion as of July 1, according to Absolute
Return's biannual Billion Dollar Club survey.
The latest total is about 1.43% more than
a year ago, when 241 such firms managed a combined
total of about $1.4 trillion. It remains well short of the
industry's July 2008 peak, when the largest 268 firms in the
Americas managed a combined $1.675 trillion.
Bridgewater Associates retained the top position for the
ninth consecutive time in the rankings, reaching a new all-time
high of $77.2 billion in hedge fund assets as of July
1st. As if in celebration, the firm recently
announced its plan to construct a $750 million waterfront
headquarters in Stamford, Conn.
Yet despite keeping its leadership spot, the...