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