More Than a Third of Hedge Funds in the Red

Among the largest hedge funds, 35% are in the red so far this year, Hedge Fund Research data shows, as reported by The Wall Street Journal. As a group, their assets are down 4.3%, and among all of the listings in Hedge Fund Research’s Fund Weighted Composite Index benchmark, they are down 0.75%. This is the first half-yearly decline in the index since the group started it in 1990.

Meanwhile, Absolute Return magazine’s semi-annual report on the nation’s largest hedge funds, published Monday, put JPMorgan at the top of the list, with $48.1 billion in assets, followed by Bridgewater Associates, with $43.5 billion.

Coming in at third place was D.E. Shaw Group ($37.1 billion); fourth, Paulson & Co. ($34.9 billion); and at fifth, Och-Ziff Capital Management ($33.3 billion).