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 mirror.
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