Top 10 Hedge Funds Boost AUM By 51%

By nearly doubling its assets under management in one year, Goldman Sachs Asset Management has moved up to spots to lead the pack of the largest U.S. hedge fund managers as ranked by Absolute Return magazine.

By nearly doubling its assets under management in one year, Goldman Sachs Asset Management has moved up to spots to lead the pack of the largest U.S. hedge fund managers as ranked by Absolute Return magazine. As of July 31, GSAM had $29.5 billion AUM, up from $15.3 billion. Rounding out the top 10 are JP Morgan Asset Management ($28.8 billion); Bridgewater Associates ($28 billion), D.E. Shaw ($23.2 billion). Farallon ($18.1 billion), Och-Ziff and Barclays Global Investors (each $17 billion), ESL Investments ($15.5 billion), Campbell & Co. (13.8 billion) and Tudor Investment ($13.6 billion). Together these 10 HF managers represented $204.5 billion AUM, an increase of 51% over a year ago. According to Absolute Return, there are now 218 HF managers in the U.S. with at least $1 billion AUM; their assets under management add up to $984 billion out of the estimated $1.5 trillion global hedge fund market. Across the Atlantic, reports Financial News, there are 48 strictly European managers with at least $1 billion AUM, with Monaco-based SRM Global, founded by UBS alumnus Jon Wood, becoming the newest member of the billion-dollar club, after reportedly raising $3.5 billion with its first offering.