Rich get richer: Assets of largest hedge funds soar

Ray Dalio, founder of Bridgewater Associates
Jason Alden | Bloomberg | Getty Images

The rich keep getting richer in hedge fund land.

A new investigation of industry assets by Absolute Return reveals that, once again, the largest funds are controlling more assets than ever.

The publication's twice-yearly Billion Dollar Club analysis, which ranks the assets of all Americas-based firms with at least $1 billion in hedge fund strategies, increased to 305 firms that managed $1.84 trillion as of July 1, up from 293 firms that managed $1.71 trillion at the start of 2014.

Bridgewater Associates remains the largest hedge fund manager in the Americas, followed by , Och-Ziff Capital Management and BlackRock.