Billion Dollar Club

Billion dollar groups run close to $500bn


Caxton is still the biggest group in the world with Angelo Gordon, Moore Capital and D.E.Shaw racing ahead

For the second year running, Bruce Kovner's Caxton Associates held onto its title of the biggest U.S. hedge fund group with assets of $12.1 billion at the start of 2004, a relatively modest increase of $1.6 billion over 2003. Farallon, Tom Steyer's San Fancisco-based operation, pushed Andor out of second position after a strong year, which saw assets grow by $2.6 billion to $10.6 billion. Andor was on the slide with assets down $700 million to $8.3 billion after a poor