JPMorgan (JPM), Goldman (GS) Top Brokers to Hedge Sector

In a report revealing the health of the hedge fund sector, JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) were found to still be the top prime brokers to the hedge fund industry.

For 2010, hedge funds gained $56 billion in net inflows, according to the report, a record for the industry.

According to Hedge Fund Research, hedge funds assets grew by $149 billion in the fourth quarter to $1.917 trillion. The previous record for a quarter was $140 billion.

The assets held at the end of the quarter fell just shy of the $1.93 trillion record set in the second-quarter of 2008.

For all of 2010, net inflows reached $55.5 billion, the highest total since 2007. In the fourth quarter of 2010 investors put $13.1 billion to work via hedge funds.

Goldman and JPMorgan accounts for almost 50 percent of the market.