Billion Dollar Club

Billion dollar club


The largest 225 American hedge fund firms gain $115 billion in 2010, for a total of $1.297 trillion. Bridgewater Associates maintains dominance as the largest hedge fund in the world with $58.90 billion

Although the hedge fund industry endured tough setbacks in 2010—including some high-profile shutdowns and a government insider trading investigation that ensnared several firms—it is finally clawing its way back to its peak.

Some 225 hedge fund firms with $1 billion or more in assets managed a combined total of $1.297 trillion as of January 1, 2011, according to AR’s biannual Billion Dollar Club survey, which tracks American hedge funds managing $1 billion or more in assets. That’s about 10% more than these funds managed a year ago, when 213 $1 billion-plus firms