CNBC- Top hedge fund assets surpassed the $1.6 trillion mark at the beginning of 2008, according to a recent survey. And venerable firm JPMorgan remained at the top of the growing heap.
Assets of the biggest U.S. hedge funds in 2007 increased 34 percent over the prior year’s total — despite three of the 10 largest hedge fund firms losing $24 billion in assets during the second half of the year.
As of January 1, the biggest U.S. hedge fund firms managed combined assets of $1.605 trillion, according to the just-released biannual survey published by Absolute Return magazine, a unit of HedgeFund Intelligence.
