NYT Dealbook – JPMorgan Chase is the king of the hedge fund castle, at least in terms of heft, according to a recent ranking by Pensions & Investment.
The bank’s two hedge fund units JPMorgan Asset Management and Highbridge Capital Management came out on top with a combined $53.5 billion in assets under management as of Dec. 31, the publication said. The figure represents an 18.9 percent increase for the banks’ hedge fund assets at the end of of 2007, when Pensions & Investments compiled its last industry ranking.
