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increasingly fast-paced growth at some spin-outs, including PointState Capital, which has raised $5 billion; Soroban Capital Partners, which has raised $2.1 billion, and Knighthead Capital Management, with $2.3 billion under management. Bridgewater Associates emerges as this years biggest winner. With $70.3 billion as of July 1, Bridgewater not only remains the largest American hedge fund firm but also notched the biggest gain in assets, adding $11.4 billion or 19.35% since January. The rapid growth of Bridgewaters new Pure Alpha Major Markets Fund, which the firm launched last year as a way to cap its original Pure Alpha fund, accounted for much of these gains. The number two spot goes to J.P. Morgan Asset Management, which had $55.2 billion as of July 1, a jump of more than 21% from the beginning of the year. Most of that growth is attributed to inflows into J.P. Morgans hedge fund business, although its Highbridge Capital Management unit also gained $2 billion during that period. Paulson & Co. takes the third spot with $35.2 billion, $800 million less than in January 2011. American hedge funds control the bulk of industry assets worldwide. By far, New York remains the central hub, accounting for $837.83 billion of assets managed by the Billion Dollar Club. TOP TEN AMERICAN HEDGE FUNDS
Firm Bridgewater Associates J.P. Morgan Paulson & Co. BlackRock Och-Ziff Capital Management Group Soros Fund Management Baupost Group Angelo, Gordon, & Co. Renaissance Technologies Farallon Capital Management
Source: AR magazine
AUM ($ billions) 70.3 55.2 35.2 29.62 29.3 25.5 24.0 22.21 20.0 20.0
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