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Thursday, September 30, 2010

Westport’s Bridgewater Again No. 1 Hedge Fund

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.

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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.

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Posted 09/30/10 at 06:06 PM  Permalink



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