This year, Shaw has had the biggest asset growth among the top 20 hedge fund firms in Absolute Return’s Billion Dollar Club, which tracks the biggest hedgies twice a year.
Written by Michelle Celarier, NY Post, Shaw added $2.4 billion to its hedge-fund coffers this year, a 14 percent gain, bringing its assets to $19.4 billion as of July 1, according to the ranking out today.
Hedge funds in general have had a sluggish year, with only half of funds earning more than 3 percent through July. The industry’s asset growth is not quite as lackluster. US hedge funds managing more than $1 billion now number 268, gaining 6 percent since January to $1.42 trillion. That’s still way below peak assets of $1.68 trillion in mid-2008.