Billion Dollar Club Performance

Billion Dollar Club: Incredible shrinking funds

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Billion Dollar Club fund assets shrink to $1.134 trillion, a loss of $541 billion since July. Bridgewater climbs to number one. Soros rejoins the top ten; Harbinger drops off.

Billion Dollar Club fund assets shrink to $1.134 trillion, a loss of $541 billion since July. Bridgewater climbs to number one. Soros rejoins the top ten; Harbinger drops off

By Josh Friedlander

The devastation of 2008 has wiped two years' worth of asset gains from the largest hedge fund firms in the Western Hemisphere, leaving these giants with less than 70% of the assets they managed as recently as last July, with a total loss of $541 billion. The majority of firms watched their assets evaporate in 2008 amid a frenzy of poor performance and