New York (HedgeCo.Net) – The biggest US hedge funds are getting close to the all-time peak assets from before the financial crisis, according to the Absolute Return Billion Dollar Club rankings out today.
Major winners this time around include J.P. Morgan Asset Management, Adage Capital Management and AQR Capital Management. Losers include Ray Dalio’s Bridgewater Associates, currency trader FX Concepts and commodities shop Ospraie Management.
“The Billion Dollar Club, which measures the money managed by all Americas-based firms with at least $1 billion, increased to 287 firms with $1.57 trillion at midyear, up 7.5% in six months.” Absolute Return reports. “If the overall rate of increase holds constant in the second half of the year, the Club will overtake its all-time-high of $1.68 trillion reached at midyear 2008.”
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