first_img Show Comments ▼ KCS-content Share BRIDGEWATER has increased its lead as the biggest hedge fund manager in America, figures released yesterday claimed. The firm now manages around $50.9bn (£32.4bn), up from $38.6bn  last year to also make it the biggest riser, according to AR magazine’s biannual rankings. Bridgewater, a 35-year-old fund firm founded by Ray Dalio, comfortably outstrips nearest rival JP Morgan, which looks after $41.1bn in its hedge funds business. The survey shows there are 217 hedge funds managing more than $1bn each, and between them take care of assets worth over $1.9 trillion. The number of firms in the list has increased from 205 this time last year. However, only 54 per cent of hedge fund managers in the list have added value to their assets this year, said AR. The biggest loser was D.E. Shaw, which has seen the value of its assets under management slashed by over $5bn in the last year, taking its total to $17.8bn. The firm is in the throes of cutting ten per cent of its workforce. Paulson & Co, whose flagship fund lost 11 per cent last year, is in third place after gaining $4bn overall. TOP 10 | HEDGE FUNDS IN THE AMERICASFirm AUM $ billionsBridgewater Associates 50.9JP Morgan 41.1Paulson & Co. 31Soros Fund Management 27Och-Ziff Capital Management Group 25.3BlackRock 22.83Angelo, Gordon & Co. 22.68Baupost Group 22Farallon Capital Management 20King Street Capital Management 19.3 Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap America’s biggest hedge funds rake in gains while smaller managers struggle Thursday 30 September 2010 10:48 pm whatsapp whatsapplast_img

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