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While hedge fund assets have been slowly recovering, the industry remains down nearly 20% from its market peak in July 2008. For hedge fund firms managing assets of $1 billion or more, they have been able to skip this slow recovery and continue to growth their asset base.

Introduction:

New research from AR Magazine released in October 2011 shows a 7% growth in the number of U.S.-based hedge funds managing assets of $1 billion or more, from 225 such funds as of January 2o11 to a new total of 241.

Summary of Top 3 U.S.-based Hedge Funds:

• Bridgewater Associates remains the largest U.S.-based hedge fund. Since January 2011, Bridgewater added $11.4 billion in assets , a growth rate of 19%. As of July 1, 2011 Bridgewater had $70.3 billion in assets under management.

 

• J.P. Morgan Asset Management comes in as the second largest U.S.-based hedge fund. J.P. Morgan Asset Management saw their assets under management grow by 21%.

 

• Paulson & Co. took third place, however their assets under management dropped by 2.2% or $800 million less than they had in January 2011.

The table below recaps the top 1o hedge fund firms by assets under management: