JPMorgan Named Largest U.S. Hedge Fund
filed in Daily Buzz News on Mar.09, 2010
FINalternatives submits:
JPMorgan Chase (JPM) has reclaimed its throne as the largest hedge fund manager in the U.S. as the biggest hedge funds in the country nearly doubled their assets in 2009.
JPMorgan Chase—which includes Highbridge Capital Management—now manages $50.4 billion, more than 50% more than at the beginning of last year, according to the biannual AR Billion Dollar Club survey. That was enough for the Wall Street giant to retake the top spot from Bridgewater Associates, which grew by 17.84% in the second half of last year to reach $43.6 billion.