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The 2015 Hedge Fund 100

Mainstays like Bridgewater top our annual ranking of the world's largest hedge fund firms, but smaller, fast growers are catching up.

       Raymond Dalio of Bridgewater (Bloomberg) In early 2009, David Tepper, founder of Short Hills, New Jersey–based Appaloosa Management, was among the first to grow bullish on stocks, especially shares in beaten-down banks, following the 2008–’09 financial crisis. In 2009 he produced a mind-bending 133 percent net return in Appaloosa Investment I

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