June 23, 2006

Goldman Sachs Group Largest Hedge Fund

Institutional Investor’s Alpha Magazine has ranked Goldman Sachs Group at the top of the list of the world’s largest hedge funds. The company moved up two places to claim the top spot, pushing aside Farallon Capital Management and Bridgewater Associates in the process. Goldman Sachs’ assets registered increases of more than 85 percent over the past two years to reach the $21 billion mark. The others in the upper echelon are Bridgewater Associates with $20.9 billion, D.E. Shaw Group with $19.9 billion, Farallon with $16.4 billion, and ESL Investments with $15.5 billion. The ranking is based on assets managed till the end of 2005. IHT reports:

Hedge fund firms had not crossed the $21 billion threshold since mid-1998, when Tiger Management and the Soros Fund Management peaked at about $22 billion. The 100 biggest hedge funds oversaw $720 billion at the end of 2005, an increase of 27 percent from a year earlier.

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June 23, 2006 in Gossip & Scandal | Permalink




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