Billion Dollar Club: Adage, AQR, J.P. Morgan excel at asset arms race
By Rob Copeland
Wed Sep 4, 2013
Biggest 287 hedge funds in the Americas manage a combined $1.57 trillion, up from $1.46 trillion at start of year. Bridgewater shrinks for first time since 2009. Club nears all-time peak assets.
The biggest Americas hedge funds are closing in on their
all-time peak assets, suggesting that the industry may be close
to putting the travails of the financial crisis in the rearview
The Billion Dollar Club, which measures the assets of all
Americas-based firms with at least $1 billion, increased to 287
firms that managed $1.57 trillion at midyear, up from 269 firms
managing $1.46 trillion at the start of 2013.
The 50 largest firms, the smallest of which manages $9
billion, increased assets by 7.96% in the past six months,
ahead of the Billion Dollar Club as a whole, which increased
assets by 7.46%.
"Pension investments are still contributing substantially to
the growth at the very largest firms, and that's because
consultants tend to steer toward the bigger name funds," said
Chris Hagstrom, managing director and U.S. head of prime
brokerage at UBS. "The big...
ISSN: 2151-1845 / CDC10004H
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