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


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