Top hedge funds lead industry assets to $1.3 Trillion mark

March 14th, 2011
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Hedge fund industry assets in the United States for managers with more than $1 billion in assets under management grew by $115 billion during 2010, reaching $1.297 trillion. According to a recent survey by AR Magazine, the industry growth rate closely matched overall performance of hedge funds in the AR Composite during 2010, which averaged a 9.15% return.

While the $1.3 trillion mark is impressive, it is still a long way from the peak in July of 2008, when AR’s billion dollar plus top hedge fund list oversaw an impressive $1.675 trillion.

Not surprisingly, Ray Dalio’s Bridgewater Associates topped the list as the largest hedge fund manager with $59 billion in assets. Bridgewater’s assets soared by over $15.3 billion during 2010, thanks largely to the performance of its flagship hedge fund, the Bridgewater Pure Alpha Fund II, which retuned 44.8% during the year.

JPMorgan Asset Management and its hedge fund group Highbridge Capital Management claimed the second spot with $45.5 billion. It was followed by John Paulson’s Paulson & Co., which oversaw $36 billion at the end of the year.

Bridgewater, Highbridge Capital and Paulson & Co. held the same spots in the Wall Street Journal’s top hedge fund list for 2010, which tallied assets as of Jul 1st of 2010.

Rounding out the top five are George Soros’ global macro focused Soros Fund Management and Daniel Och’s multi-strategy shop, Och-Ziff Capital Management (NYSE: OZM).

RankInstitutionAssets ($MM)
1Bridgewater Associates LP$50,900
2JP Morgan (Highbridge Capital Management)$41,100
3Paulson & Co.$31,000
4Soros Fund Management$27,000
5Och-Ziff Capital Management$25,300
7Angelo Gordon & Co.$22,700
8The Baupost Group$22,000
9Farallon Capital Management$20,000
10King Street Capital Management$19,300
For Detailed Investor Profiles on these Investors, click below:
Bridgewater Associates LP
Farallon Capital Management
Highbridge Capital Management
King Street Capital Management
Och-Ziff Capital Management
Paulson & Co.
Soros Fund Management
The Baupost Group
Related People: ; Andrew Hoine; Andrew J.M. Spokes; Brian Higgins ; Daniel Och; David Kim; David Windreich; Dr. Thomas Roberts Jr.; Edward Chung; George Rizk; George Soros; Glenn Dubin; Harold Kelly; Henry Swieca*; Jeff Eberwein; John Paulson; John Warren; Keith Anderson*; Laurence D. Fink; Mary Callahan Erdoes (JPM); Mena Gerowin*; Michael Cohen*; Mike Barr; O. Francis Biondi; Ravi Paidipaty; Ray Dalio; Robert Donald; Robert Soros; Scott Bessent; Scott Kapnick; Seth A. Klarman; Sheru Chowdhry; Stuart Merzer; Thomas Steyer*; Todd Builione; William Seybold; Zameer Arora; Zoltan Varga
Related Entities: Barclays Global Investors; Bridgewater All Weather; Bridgewater Pure Alpha Fund II; King Street Capital LP; King Street Capital LP; King Street Capital Ltd; King Street Europe LP; King Street Institutional Ltd; Merrill Lynch Investment Managers; PNC Financial Services; State Street Research & Management; Bank of America; Baupost Capital; Baupost Fund; Baupost Group Inc, Baupost Group LLC; Baupost Value Partners; BlackRock Equity Funds; Blackstone Group*; Bridgewater Associates Pure Alpha Fund; BSP Partners; Farallon Capital Institutional Partners; Farallon Capital Partners; Farallon Credit Opportunity; Farallon Special Situations; FKG Capital; Hellman & Friedman; Highbridge Capital LP; Highbridge Convertible Arbitrage Opportunities Fund; Highbridge Event Driven Relative Value Fund LP; Highbridge Long Short Equity Fund LP; Highbridge Statistical Market Neutral mutual fund; JPMorgan Chase & Co; King Street Advisors LLC; Margin of Safety; Margin of Safety; Noonday Global Management; Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund; Ziff Brothers
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports

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