Tuesday, 22 July 2014
Last updated 2 hours ago
Sep 11 2007 | 7:13am ET
Buoyed by explosive asset growth at Highbridge Capital Management, JPMorgan Asset Management has solidified its position as the largest hedge fund manager in the world.
JPMorgan, which bought a majority stake in Highbridge two years ago, saw the assets under management of its new acquisition more than double during the first half of 2007, adding $20 million to reach $37 million.
Overall, JPMorgan manages $56.2 billion in hedge fund assets, according to new figures from Absolute Return magazine, a 65.3% increase over the first six months of the year.
Goldman Sachs remains in second place on the list of top U.S. managers, in spite of its widely-reported troubles. Goldman Sachs Asset Management now manages some $40 billion, up 22% from Jan. 1.
D.E. Shaw Group leapfrogged Bridgewater Associates for third place, with assets rising 29.3% to $34 billion. Bridgewater, for its part, added just 6.3% in the first half, taking fourth on the list with $32.1 billion.
Och-Ziff, in seventh place on Jan. 1, jumped into fifth as assets soared 39% to $29.2 billion.
Of the other top-ten firms, only San Francisco’s Farallon Capital Management did not see its asset base rise.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…