Even so, the number of firms beginning with at least $1 billion now is smaller compared with the years preceding the 2008 financial crisis.
Double-digit losses suffered by several star traders last week is a dramatic reminder why investors are rapidly migrating towards bigger hedge funds run by an army of risk takers...
Last year's star performers gave up a large part of their gains in a matter of days.
If Millennium loses money or returns less than 5%, it's still guaranteed fees equal to about 1% of client assets.
London-based Alister Hibbert will reopen the BlackRock Strategic Equity Hedge Fund for additional cash.
Its flagship hedge fund gained 38% last year by trading everything from equities to commodities.
Ken Griffin’s Citadel churned out a record $16 billion in profit for clients last year, outperforming the rest of the industry and eclipsing one of history’s most successful financial...
Hohn runs a long-biased portfolio spread over a small number of stocks.
The boom-bust cycle, which refers to economic expansion and contraction that repeats itself, is back, he said.
Harding's hedge funds emerged as among the industry's biggest winners last year.