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In the week ending 03 October, 2014, the largest American-based hedge funds are controlling more assets than ever before: combined assets are at $1.84 trillion trillion as of July 1, according to the just-released biannual survey published by Absolute Return magazine, a unit of HedgeFund Intelligence.

Two-thirds of Billion Dollar Club firms increased assets under management this year, with the assets of Club members up 8.38% in the past six months. In an unusual reversal of a long-term trend, the 50 largest firms, the smallest of which manages $10 billion, lagged the broader growth rate, increasing assets by only 7.76% in the past six months.

Bill Ackman has raised a record $2.7bn for his hedge fund IPO that will start on trading on the Amsterdam stock exchange; GreenDust is in talks with several hedge funds, including Falcon Edge to raise over $100m in Series B funding; Raveneur Investment has received $150m from PAAMCO and is slated to receive $200m from Blackstone; Galena Asset has announced the final close of its first Private Equity Resources Fund with $400m of total committed and invested assets; and the South African hedge fund assets rose more than 27% in the 12 months through June.

Goldman Sachs has launched the Goldman Sachs Long Short Fund, which pursues high conviction inve......................

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