Here are the latest statistics on the largest hedge funds, the so called Billion Dollar Club – funds with over $1bn in AUM. The “club” was unchanged from a year ago in terms of the number of “members”, while the overall AUM came down slightly.
Here is how the largest funds did as measured by their AUM changes:
Below are the “club winners” who gathered the most AUM on a percentage basis:
There were a number of hedge funds however that really took a pounding. The reduction in AUM for many of these funds was due to poor performance as well as investor redemptions. This included a number of high profile funds.
Overall the industry is having trouble growing, particularly as 2011 turned out to be one of the most challenging years on record.