Billion Dollar Club

Farallon heads the heavyweight pack


Assets run by the top 176 U.S. funds reach $645 billion

The giants of the hedge fund industry continue to dominate the rankings in our biannual survey of U.S. managers that run over $1 billion in assets. Once again, Farallon has captured top place with $12.5 billion under management, but volatility player Bridgewater Associates is snapping hard at San Francisco-based Farallon's heels with assets of $12.4 billion. Having grown from $8.1 billion at the start of the year, Bridgewater has pushed Citadel Investment Group out of the second place it held in our last survey.

Perry Capital also enjoyed an