Monday, 1 September 2014
Last updated 3 days ago
Mar 9 2010 | 3:48am ET
JPMorgan Chase has reclaimed its throne as the largest hedge fund manager in the U.S. as the biggest hedge funds in the country nearly doubled their assets in 2009.
JPMorgan Chase—which includes Highbridge Capital Management—now manages $50.4 billion, more than 50% more than at the beginning of last year, according to the biannual AR Billion Dollar Club survey. That was enough for the Wall Street giant to retake the top spot from Bridgewater Associates, which grew by 17.84% in the second half of last year to reach $43.6 billion.
Paulson & Co. held steady as the third-largest hedge fund manager in the U.S., boosting its assets by 10.35% last year to $32 billion. Soros Fund Management took fourth with $27 billion—28.57% more than a year earlier—and D.E. Shaw Group fell to fifth with $23.6 billion, down 17.48%.
All told, 213 U.S. hedge funds manage at least $1 billion, down from 218 a year earlier. The group manages a combined $1.182 trillion, just 4.2% more than at the beginning of 2009. But that growth was concentrated: The 70 firms with at least $5 billion almost doubled their assets, while the 143 with less than $5 billion grew by $28 billion total.
The New York area remains the undisputed center of the hedge fund world, according to the survey. Firms managing 60% of U.S. hedge fund assets, some $708 billion, are based in the Empire State, while neighboring Connecticut boasts firms with $158.86 billion. Massachusetts knocked California out of third place, with $87.49 billion, meaning that more than 80% of the U.S.’s hedge fund assets are managed by Northeastern firms.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...