Hedge Fund Royalty

Alpha Magazine Ranks the World’s Biggest Hedge Funds
PMorgan receives top honors in Alpha’s 2007 Hedge Fund 100 ranking of the world’s heftiest hedge funds.
New York, NY (PRWEB) May 25, 2007 — With a combined $1 trillion in assets under management — a 39 percent increase over last year’s total — the firms in Alpha’s 2007 Hedge Fund 100 ranking of the world’s biggest hedge funds have made it clear they’re primed for growth. Three firms broke the $30 billion barrier, led by top-ranked JP Morgan Asset Management, which had $33 billion in hedge fund assets as of December 31, 2006. Goldman Sachs Asset Management, last year’s top-ranked firm, slipped to No. 2 this year despite having increased its total assets by more than $10 billion to $32.5 billion. Bridgewater Associates, No. 3 with $30.2 billion, likewise dropped a notch despite seeing its assets swell by nearly $10 billion.

Just to make this year’s ranking, a firm had to have at least $4.8 billion in hedge fund assets. Most of the firms had substantially more. Thirty-seven had at least $10 billion in assets, including Greenwich, Connecticut-based Fortress Investment Group, which in February became the first U.S. hedge fund to do an initial public offering.
The 2007 ranking is also more internationally diverse than it’s ever been, with 23 firms based outside the U.S., compared to 20 in last year’s Hedge Fund 100. The biggest non-U.S. firm is London-based Barclays Global Investors, No. 8 with $18.8 billion in assets.
The top ten firms in Alpha’s 2007 Hedge Fund 100 ranking are:
2007 2006 Firm name Firm capital (in millions)
1 24 JP Morgan Asset Management (New York, NY) $33,087
2 1 Goldman Sachs Asset Management (New York, NY) $32,531
3 2 Bridgewater Associates (Westport, CT) $30,210
4 3 D.E. Shaw Group (New York, NY) $27,300
5 4 Farallon Capital Management (San Francisco, CA) $26,200
6 26 Renaissance Technologies Corp. (East Setauket, NY)$26,000
7 7 Och-Ziff Capital Management Group (New York, NY) $21,000
8 6 Barclays Global Investors (London, U.K.) $18,593
9 8 Man Investments (London, U.K.) $18,800
10 5 ESL Investments (Greenwich, CT) $17,500*
*Alpha Estimate
Please visit www.alphamagazine.com or www.alphamagazinerankings.com for more Hedge Fund 100 data and other rankings, including the Hedge Fund Compensation Report.

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