Tuesday, October 5, 2010

Dalio’s Bridgewater Associates retains position as top US Hedge Fund

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.

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