FINalternatives – The richest hedge fund manager in the world, clocking in as the 29th richest person in the world, is George Soros, whose $11 billion fortune actually increased during the difficult 2008. Joining him among the top 100 are fellow hedge fund managers Carl Icahn (43rd place with $9 billion), James Simons of Renaissance Technologies (55th place with $8 billion), John Paulson (76th place with $6 billion) and Steven Cohen of SAC Capital Advisors (87th place with $5.5 billion).

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Stamford Advocate- Despite a chaotic financial services sector, a new ranking shows money continued to pour into hedge funds at a historic rate last year.

The top 100 firms managed a record $1.35 trillion in 2007, including about $148 billion controlled by 11 lower Fairfield County hedge funds, according to a list compiled by Institutional Investor’s Alpha magazine.

The $1.35 trillion held by the top 100 marked a 35 percent increase from the year before and the $148 billion managed locally was a 16.5 percent increase from the 2007 list.

Tops among local hedge funds, and the only lower Fairfield County firm in the top 10, was Westport-based Bridgewater Associates. Bridgewater regained its No. 2 ranking with $36 billion in assets.

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