Some 269 Americas firms manage $1.46 trillion.
An increasingly precarious environment for Americas hedge funds is creating clear winners and losers among the biggest firms, according to the bi-annual Absolute Return Billion Dollar Club rankings.
As a group, the Club remains awash in cash. Some 269 firms--nearly the same total, if not composition, as six months earlier--managed $1.46 trillion in hedge fund assets as of the start of the year. That's a 2.94% increase from the July figure, and a solid 9.30% boost from the start of 2012.
For the top 50 by size, times are even better. They grew 6.18% during the past six months,