Billion Dollar Hedge Funds Grow $2.9%, Bridgewater Remains Largest Manager

Mar 6 2012 | 5:29am ET

The largest hedge funds in the Americas—those managing $1 billion or more—grew by $1.335 trillion last year, according to AR’s semi-annual Billion Dollar Club survey. That amounts to a tiny 2.96% gain—the smallest on record, falling behind the 4.23% growth the group saw in 2009.

But while the largest players gained as a whole, more than 40% of the 241 hedge fund firms surveyed by AR lost assets in 2011.

Bridgewater Associates retained its spot as the largest hedge fund firm with $76.6 billion in assets under management—gaining $6.3 billion in the last six months of 2011.

JPMorgan Asset Management also held onto its spot, again taking second place despite losing $10.2 billion in assets since AR’s last survey.

Meanwhile, Och-Ziff Capital took third place with $28.4 billion, while Paulson & Co.--which had been in third place--fell to sixth place after shrinking by $12.6 billion.

AR's Billion Dollar Club: The Top 10

Firm Name

State

AUM ($B) 1/2/2012

Bridgewater Associates

CT

76.60

J.P. Morgan Asset Management

NY

45.00

Och-Ziff Capital Management Group

NY

28.40

BlackRock

NY

25.50

Baupost Group

MA

25.00

Paulson & Co.

NY

22.60

Angelo, Gordon & Co.

NY

21.23

Renaissance Technologies

NY

20.00

Elliott Management Corporation

NY

19.20

Farallon Capital Management

CA

19.20

 


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