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The continued growth of JPMorgan's hedge fund management was thanks to the decision of Highbridge Capital Management, which in 2005, sold 55 percent of its holdings to JPMorgan Chase & Co. And ever since, JPMorgan has seen the quick rise of the company from $15.7 billion in capital in 2006 to $27.8 billion a year later.

For its efforts, the New York-based JPMorgan currently ranks number one in the Alpha Hedge Fund 100 list.

Tying at number two are Westport, Connecticut-based Bridgewater Associates and San Francisco's Farallon Capital Management, both with $36 billion in capital. Bridgewater was up a notch after ranking number 3 in the sixth annual Hedge Fund 100 in 2007, while Farallon was number 5 in the same year.

At number 4 was Renaissance Technologies of East Setauket, New York, up two notches higher with $33.3 billion in capital; followed by Och-Ziff Capital Management Group of New York, up two notches with $33.2 billion in capital; number 6 was D.E. Shaw Group of New York, down from the previous posting at number 4, with$32.240 in capital.

Ranking number 7 was Goldman Sachs Asset Management of New York, down five notches, with $29.206 capital; Paulson & Co. of New York was previously ranked number 69 but is now number 8 on the list with $28.98 billion in capital, Barclays Global Investors from London, UK dropped a notch with $26.23 billion; and GLG Partners, also of London, UK, was last at number 10 with $23.9 in capital.

Notably, the 20 biggest hedge fund managers in the world, have posted a record high $324 billion in combined capital, or an increase by 29 percent. The aggregate capital is over than the combined value of he Hedge Fund 100 firms at the end of 2001, records show.

The top 100 Hedge Fund is in control of at least $1.33 trillion in assets under its management, or an increase of 33 percent compared over the last year. Moreover, the Hedge Funds 100's 74 percent share of all hedge funds assets jumped by 5 percentage points. The full top 100 ranking can be accessed here: Source