Billion Dollar Club: American hedge fund assets hit all-time peak

By Amal Robleh

Wed Mar 26, 2014

The biggest 293 hedge fund firms in the Americas soar to record highs and now manage $1.71 trillion.

The American hedge fund industry has now exceeded its pre-crisis peak assets. The Absolute Return Billion Dollar Club, which measures the assets of firms managing $1 billion or more, increased by $250 billion in 2013. That is the greatest annual increase since 2007 when the Club grew by $407 billion.

In our bi-annual ranking, 293 firms managed a combined total of $1.71 trillion as of the start of the year. The Club has now overtaken its all-time-high of $1.68 trillion which it reached at midyear 2008. Assets swelled 9% in the second half of 2013, and 17.16% for the full year.

The top 50 firms grew at a slightly faster rate than the Club as a whole, with their collective assets up 17.44% in 2013. About 73% of Billion Dollar Club firms have increased assets under management this year.

''We debate internally on whether managers can...

ISSN: 2151-1845 / CDC10004H

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