Hedge Fund Industry Winners

Hedge Fund Industry Winners in the Recession

If HSBC AI is "the biggest loser" then there has to be some winners too. George Soros' hedge fund firm, JP Morgan Chase, Paulson & Co. and Bridgewater have emerged from the recession as the biggest winners according to rankings by AR.

Here are the 10 largest hedge fund firms by assets:

1. Bridgewater Associates
   
2. JP Morgan Chase Asset Management
3. Paulson & Co.
4. D.E. Shaw Group
5. Soros Fund Management
6. Goldman Sachs Asset Management
   
7. Och-Ziff Capital Management
8. Baupost Group
9. Farallon Capital Management
10. Angelo, Gordon & Co.; Avenue Capital Group; Renaissance Technologies
    

Soros Fund Management boasted $24 billion in assets in July, an increase of 14% from the end of 2008 and 41% from the year before that. Soros Fund Management is now the 5th largest in the hedge fund industry, moving up one from the 2008 rankings. George Soros is one of the handful of investments managers who anticipated the financial crisis, leading his Quantum Endowment fund to gain 10% in 2008 when many hedge funds were failing to stay afloat.

Another "winner" is John Paulson of Paulson & Co. He was able to create big returns by predicting the mortgage-backed securities, then by betting against financial institutions in the recession. Despite losses in assets under management, Paulson's fund is the 3rd largest hedge fund firm in terms of assets and his funds were up as much as 16.38% in the end of July.

Ray Dalio's Bridgewater Associates is still holding onto its title of largest hedge fund firm in the world, managing $37 billion in assets.

The asset-management division of J.P. Morgan Chase also kept its position as 2nd largest hedge fund firm, increasing its assets 9.4% from the end of 2008 and falling just $1 billion behind Bridgewater. D.E. Shaw Group lost 6.6% of its assets from the end of last year and stayed in 4th place. Goldman Sachs' asset management arm moved up to 6th place managing $20.8 billion.

Och-Ziff Capital Management (OZM) was seventh in AR's rankings. The firm, run by Dan Och, lost 6.33% of assets in the first half of 2009, bringing its total to $20.7 billion, AR said.

Baupost Group, run by Seth Klarman, became the eighth-largest hedge fund firm, with assets of $19 billion, up 13% in the first half of 2009, AR said.

Farallon Capital Management, headed by Thomas Steyer, saw assets fall 10% to $18 billion in the first half of this year. That left the San Francisco-based firm ninth in AR's rankings.

Angelo, Gordon & Co., Avenue Capital Group and Renaissance Technologies tied for tenth... Source

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Tags: hedge fund firms assets, list of hedge funds, hedge fund firms, george soros, hedge fund assets under management, aum, hedge fund rankings, top ten hedge funds, hedge fund groups, managers