JPMorgan Takes The Top Spot Among Hedge Fund Managers

Goldman Sachs has been dethroned as the world’s largest hedge fund by a Wall Street neighbor. According to the latest Billion Dollar Club survey from Absolute Return magazine, JPMorgan Asset Management edged Goldman Sachs Asset Management, increasing its assets at almost twice the rate of its fellow Billion Dollar Club members, 74% to the 41% average of the 241 hedge funds boasting at least that asset level.