The 10 Biggest Hedge Funds In The US |
Date: Tuesday, October 5, 2010
Author: Courtney Comstock, Clusterstock
Back in March, DE Shaw made it onto the list of the top 10 biggest hedge funds in the world.
The firm recently announced 150 layoffs because of the fund's lower assets under management. DE Shaw used to manage $29 billion at its peak, and $23 billion just six months ago.
Now, they say they manage around $21 billion, but for some reason they didn't make it on the list, where it seems they should have. AR Magazine says they're managing more like $17.8 million.
We also think the next edition of this list will be very interesting. It may just be a rumor, but we've heard that Bridgewater, currently #1, has been facing a lot of employee turnover.
TOP TEN HEDGE FUNDS IN THE AMERICAS
Firm |
AUM ($ billions) |
Bridgewater Associates |
50.9 |
JPMorgan |
41.1 |
Paulson & Co. |
31 |
Soros Fund Management |
27 |
Och-Ziff Capital Management Group |
25.3 |
BlackRock |
22.83 |
Angelo, Gordon & Co. |
22.68 |
Baupost Group |
22 |
Farallon Capital Management |
20 |
King Street Capital Management |
19.3 |
Source: AR Magazine
In March, DE Shaw would have made the list at number 6, as Pensions and Investments showed their assets under management at $23 billion.