Thursday, September 30, 2010
Westport-based Bridgewater Associates, already the biggest U.S.-based hedge fund, pulled in more new money in the 2010 first half than any of its rivals, industry magazine AR reported today.
The firm, which employs more than 800 persons in four Westport locations, now oversees $51 billion in assets, the magazine said.
It said during the first half, the firm took in $7.3 billion in new money, boosting its assets by almost 17 percent. A year ago Bridgewater had $37 billion.
JP Morgan’s asset management unit ranks as the industry’s second-largest U.S.-based fund with $41 billion in assets, the magazine said. This was a $2.7 billion gain since January, thanks to strong inflows into the firm’s fund business.
Posted 09/30/10 at 06:06 PM Permalink