Bridgewater, JPMorgan Largest Hedge Funds

May 13 2011 | 11:31am ET

Bridgewater Associates has again been named the world's largest hedge fund, this time by Institutional Investor magazine.

The Connecticut hedge fund giant holds the top spot in II's 10th annual Hedge Fund 100 ranking with $58.9 billion in assets. It is followed by JPMorgan Asset Management, which, including its Highbridge Capital Management unit, manages $54.2 billion.

Despite its acquisition of GLG Partners last year, the Man Group had to settle for third place: By II's calculations, Man Investments has just $40.6 billion in assets under management.

Paulson & Co. ($35.9 billion) and Brevan Howard Asset Management ($32 billion) rounded out the top five.

The 100 largest hedge funds in the world managed $1.21 trillion, 12% more than the group managed a year ago. And the top five manage a combined $221.6 billion—almost as much as the top 100 managed 10 years ago.

The Hedge Fund 25

rank firm assets
1 Bridgewater Associates $58.9 billion
2 JPMorgan Asset Management $54.2 billion
3 Man Investments $40.6 billion
4 Paulson & Co. $35.9 billion
5 Brevan Howard Asset Management $32.0 billion
6 Soros Fund Management $27.9 billion
7 Och-Ziff Capital Management $27.6 billion
8 BlackRock $25.0 billion
9 BlueCrest Capital Management $24.5 billion
10 Angelo Gordon & Co. $23.6 billion
11 Baupost Group $23.4 billion
12 Farallon Capital Management $21.5 billion
13 King Street Capital $19.9 billion
14 Goldman Sachs Asset Management $19.8 billion
15 Avenue Capital Group $18.3 billion
16 Winton Management $17.8 billion
17 Renaissance Technologies $17.0 billion
18 Elliott Management $16.8 billion
19 AQR Capital Management $16.7 billion
20 Lansdowne Partners $16.1 billion
21 D.E. Shaw Group $15.6 billion
22 Davidson Kempner Capital Management $15.3 billion
23 Appaloosa Management $15.0 billion
23 Moore Capital Management $15.0 billion
25 ESL Investments $14.0 billion

Source: Institutional Investor magazine


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.