June 25, 2006
Goldman Sachs: Now the world's biggest hedge fund!
Alpha magazine's annual list of the world's largest hedge funds has declared Goldman Sachs Asset Management as the biggest hedge fund. New York-based Goldman Sachs Asset Management has over $21 billion in assets. The magazine puts the hedge fund’s name on top of the 100 hedge funds that were covered under the survey. In the past few years, Goldman has emerged as one of the industry's most preferred prime brokers. It helps finance and clear trades for hedge funds and often helps find them investors.
In 2005, Goldman was at number 3 and has managed to dethrone San Francisco-based Farallon Capital Management Group this year to be on the top. Farallon Capital Management Group was ranked as No. 1 in 2005 and currently stands at No. 4 with $16.4 billion in assets.
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