Ray Dalio’s Westport-based Bridgewater Associates continues to reign as the United States’ largest hedge fund. According to the Wall Street Journal, Bridgewater, which manages $50.9 billion as of July 1, outranks J.P. Morgan Asset Management - which takes second place with $41.1 billion in assets under management (AUM) - by nearly $10 billion. The bulk of JPM’s hedge fund assets are managed by Highbridge Capital Management, its multi-strategy hedge fund management subsidiary.
John Paulson’s Paulson & Co follows in third place with $31 billion in AUM. Bridgewater’s success this year is largely due to the strong performance of its Pure Alpha Fund II.
The Hedge Fund HOT 100 Is Out - click on the HOT above to open the Hot 100 in a new page
4 years ago