{"id":287158,"date":"2011-03-02T17:50:43","date_gmt":"2011-03-02T17:50:43","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/"},"modified":"2011-03-02T17:50:43","modified_gmt":"2011-03-02T17:50:43","slug":"top-hedge-funds-manage-1-3-trillion","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/","title":{"rendered":"Top hedge funds manage $1.3 trillion"},"content":{"rendered":"<p><div readability=\"81.2891566265\"><span id=\"fb-recommend\"\/><br \/>\n<span>By Ben Rooney, staff reporter<\/span><span>March 2, 2011: 12:49 PM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><!--endclickprintexclude--><!-- CONTENT --><\/p>\n<p>NEW YORK (CNNMoney) &#8212; After taking a hit from the financial crisis, hedge funds are making a strong recovery. They&#8217;re attracting big money and raking in the profits.<\/p>\n<p>American hedge funds managed a combined $1.297 trillion as of January 1, 2011. That&#8217;s up $115 billion, or 10%, from a year ago, according to <i>AR: Absolute Return+Alpha<\/i>, an industry publication.<\/p>\n<p><!-- REAP --><!--startclickprintexclude--><!--endclickprintexclude--><!-- \/REAP --><\/p>\n<p>The survey of funds with at least $1 billion in assets under management, released Wednesday, also showed that performance gains, which reflect investment returns and inflows from new clients,<b> <\/b>for the bulk of the group were up 9% last year.<b> <\/b>Most of the gains came in the second half of the year. <\/p>\n<p>The number of billion dollar funds rose to 225 last year from 213 in 2010, despite the closing of some high-profile funds and <a href=\"http:\/\/finance.fortune.cnn.com\/2011\/03\/01\/sec-charges-raj-gupta-as-insider-trading-bust-widens\/\">insider trading investigations<\/a> last year <\/p>\n<p><!-- REAP --><!--startclickprintexclude--><!--endclickprintexclude--><!-- \/REAP --><\/p>\n<p>Still, the industry has not fully <a href=\"http:\/\/money.cnn.com\/2010\/10\/19\/markets\/hedge_funds_mutual_funds\/index.htm\">recovered from the recent financial crisis<\/a>, when market turmoil and tight credit prompted <a href=\"http:\/\/money.cnn.com\/2008\/12\/18\/news\/economy\/hedge_fund_liquidations\/index.htm\">an exodus from hedge funds<\/a>. Before the crisis struck in 2008, the industry&#8217;s largest 268 funds managed a total of $1.675 trillion, according to AR.<\/p>\n<p>The report also showed that the industry is consolidating, with the biggest hedge funds growing even bigger. The 10 largest billion dollar funds oversee a combined $309 billion as of January, up 15% from last year.<\/p>\n<p>Bridgewater Associates was ranked as the largest U.S. hedge fund, with a total of $58.9 billion in assets under management. The Westport, Conn.-based fund also had the biggest performance gain of any fund in the survey, with a whopping $15.3 billion increase in assets under management last year.<\/p>\n<p>The second largest fund in the survey was JPMorgan Asset Management, which gained $7.1 billion last year, bringing the total amount of money under management to $45.5 billion. Paulson &#038; Co., the New York-based hedge fund, came in third again at $36 billion in assets under management.<\/p>\n<p>Meanwhile, the worst performing fund in the survey was D.E. Shaw Group, which lost $9.37 billion, or nearly 40%, of its assets in 2010. The firm now manages $14.23 billion, according to AR.\u00a0<a href=\"http:\/\/money.cnn.com\/2011\/03\/02\/markets\/hedge_funds_2010\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p><!-- \/CONTENT --><!--startclickprintexclude--><!--startclickprintexclude--><br \/>\n<!--endclickprintexclude--><!--endclickprintexclude--><\/div>\n<\/p>\n<p>Continue reading here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/3a1zh0knSqM\/index.htm\" title=\"Top hedge funds manage $1.3 trillion\" rel=\"noopener noreferrer\">Top hedge funds manage $1.3 trillion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> By Ben Rooney, staff reporter March 2, 2011: 12:49 PM ET NEW YORK (CNNMoney) &#8212; After taking a hit from the financial crisis, hedge funds are making a strong recovery. They&#8217;re attracting big money and raking in the profits. American hedge funds managed a combined $1.297 trillion as of January 1, 2011. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-287158","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top hedge funds manage $1.3 trillion - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Top hedge funds manage $1.3 trillion - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"By Ben Rooney, staff reporter March 2, 2011: 12:49 PM ET NEW YORK (CNNMoney) -- After taking a hit from the financial crisis, hedge funds are making a strong recovery. They&#039;re attracting big money and raking in the profits. American hedge funds managed a combined $1.297 trillion as of January 1, 2011.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Top hedge funds manage $1.3 trillion\",\"datePublished\":\"2011-03-02T17:50:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\"},\"wordCount\":349,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\",\"name\":\"Top hedge funds manage $1.3 trillion - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"datePublished\":\"2011-03-02T17:50:43+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/#primaryimage\",\"url\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\",\"contentUrl\":\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Top hedge funds manage $1.3 trillion - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/02\/top-hedge-funds-manage-1-3-trillion\/","twitter_card":"summary_large_image","twitter_title":"Top hedge funds manage $1.3 trillion - Ghanamma.com","twitter_description":"By Ben Rooney, staff reporter March 2, 2011: 12:49 PM ET NEW YORK (CNNMoney) -- After taking a hit from the financial crisis, hedge funds are making a strong recovery. 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