Opalesque – In the week ending 03 October, 2014, the largest American-based hedge funds are controlling more assets than ever before: combined assets are at $1.84 trillion trillion as of July 1, according to the just-released biannual survey published by Absolute Return magazine, a unit of HedgeFund Intelligence.
Two-thirds of Billion Dollar Club firms increased assets under management this year, with the assets of Club members up 8.38% in the past six months. In an unusual reversal of a long-term trend, the 50 largest firms, the smallest of which manages $10 billion, lagged the broader growth rate, increasing assets by only 7.76% in the past six months.
