Largest Hedge Funds Ranked

Institutional Investor's Alpha has come out with its new ranking of the world's largest hedge funds. Among Connecticut-based funds (how about some of you moving to Stratford?), Westport's Bridgewater Associates, with $36 billion, tops any in Greenwich.

But as the Greenwich Time observes, you should keep an eye on Steve Mandel:

Greenwich's Lone Pine Capital jumped more places than any other local firm on the list, coming in at No. 17 with $18 billion in assets. Lone Pine, which is run by Stephen Mandel, was No. 47 on last year's list, with $8.63 billion.

By contrast, Edward Lampert's Greenwich-based ESL Investments fell from the top 10 down to No. 38.