Assets continue to fall, though pace slackens markedly.
The 205 largest U.S. hedge fund firms lose $50 billion, or 4.4%, in first half to total $1.084 trillion. the top four firms remain the same: Bridgewater, JPMorgan, Paulson & Co. and D.E. Shaw.
There are quite a few free chairs in the Club these days. In the warm summer days just a year ago, Absolute Return counted 268 American firms with $1 billion or more in hedge fund assets. Now, the Absolute Return Billion Dollar Club numbers 205 firms, slightly below its membership level in January 2006. These Goliaths also have a lot less money to throw