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...