TOP U.S. HEDGE FUND ASSETS NEAR $1 TRILLION - Billion Dollar Club Survey

The biggest U.S. hedge funds are closing in on the $1 trillion mark, with their combined assets under management hitting $984 billion on July 1, according to the latest semi-annual survey (pdf) published by Absolute Return magazine, a unit of HedgeFund Intelligence.

  • Combined assets of firms with over $1 billion reach $984B

  • 218 US hedge fund firms have over $1 billion under management

  • Top 20 firms control a third of the assets

  • 65 firms manage $5 billion or more

Assets of the 218 hedge fund companies with more than $1 billion under management, known as the Absolute Return Billion Dollar Club, gained on average 15% since the beginning of the year, despite a rocky performance for many hedge funds in May and  June.

The biggest firms are continuing to get bigger, with the top 20 controlling a third of the assets, and there are now 65 firms that manage $5 billion or more. The top four firms control more than $20 billion each. 

Goldman Sachs Asset Management leads the group, with $29.5 billion in assets, a 34% increase since January. JPMorgan Asset Management, which includes Highbridge Capital Management, is a close second, with $28.8 billion in assets, a 48% increase since the beginning of the year. Bridgewater Associates is now third, with $28 billion, a 37% increase. And D. E. Shaw is fourth, with $23.2 billion, a 23% increase. 

Earlier this year HedgeFund Intelligence reported that global hedge fund assets had reached $1.5 trillion.

TOP TEN US HEDGE FUND FIRMS – JULY 2006

Firm

Jul 06 (AUM $B)

1. Goldman Sachs Asset Management

29.5

2. JPMorgan Asset Management (inc Highbridge Capital)

28.8

3. Bridgewater Associates

28

4. D. E. Shaw

23.2

5. Farallon Capital Management*

18.1

6. Och-Ziff Capital Management

17

7. Barclays Global Investors**

17

8. ESL Investments*

15.5

9. Campbell & Co.

13.8

10. Tudor Investment Corp

13.6

Previous: « $400 Billion Buying Power of Asian Americans - Packaged Facts report

Next : » Digest of US Education Statistics, 2005 - National Center for Education Statistics


  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES


Enter Email for Daily Feed Delivery: