Top 250 Largest Hedge Funds 2026
The 250 largest Largest Hedge Funds manage approximately $7.67 trillion in combined assets as of 2026, up 12.6% from 2025.
Citadel Investment Group leads the rankings at $446B in AUM, based in Chicago. Ares Management ranks second at $319B, followed by Balyasny Asset Management at $265B.
United States is the most represented location with 72% of the top 250 funds.
There are 14 new entrants to the top 250 in 2026 and 14 funds that dropped off compared to 2025.
Total AUM — Top 250 Largest Hedge Funds 2026
Country Distribution
Top 250 Largest Hedge Funds 2026
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Δ | Fund Name | Country | City | AUM ($M) | Strategy |
|---|---|---|---|---|---|---|
| 1 | — | Citadel Investment Group | United States | Chicago | 445,959.0 | Convertibles |
| 2 | — | Ares Management | United States | Los Angeles | 318,747.7 | Commodities |
| 3 | — | Balyasny Asset Management | United States | Chicago | 265,152.4 | Multi Strategy |
| 4 | NEW | Oracle Investment Management | United States | Greenwich | 265,152.4 | Long/Short |
| 5 | — | Rokos Capital Management | United Kingdom | London | 229,815.4 | Global Macro |
| 6 | — | Point72 Asset Management | United States | Stamford | 220,930.3 | |
| 7 | ▾3 | Millennium Capital Partners | United States | New York | 218,000.0 | Multi Strategy |
| 8 | — | Squarepoint Ops | United Kingdom | London | 180,767.2 | |
| 9 | ▴2 | DE Shaw | United States | New York | 154,586.9 | Absolute Return |
| 10 | ▴2 | Alphadyne Asset Management | United States | New York | 147,366.2 | Commodities |
| 11 | ▴5 | Exoduspoint Capital Management, LP | United States | New York | 119,722.3 | Multi Strategy |
| 12 | ▴6 | Two Sigma International Limited | United Kingdom | London | 110,281.1 | Long/Short |
| 13 | ▴6 | Two Sigma Investments | United States | New York | 110,281.1 | Commodities |
| 14 | ▾7 | Garda Capital | United States | Minneapolis | 106,636.6 | Distressed |
| 15 | ▾2 | Goldman Sachs Asset Management | United States | New York | 106,240.0 | Fund of Funds |
| 16 | ▾7 | Mariner Investment Group LLC | United States | New York | 103,600.9 | |
| 17 | ▴3 | Angelo Gordon & Co. | United States | New York | 100,050.7 | Commodities |
| 18 | ▾8 | Bridgewater Associates | United States | Westport | 97,886.6 | Global Macro |
| 19 | ▾2 | Renaissance Technologies | United States | East Setauket | 91,958.3 | Multi Strategy |
| 20 | ▴10 | Lighthouse Investment Partners | United States | Palm Beach Gardens | 85,747.9 | Commodities |
| 21 | ▴3 | Bracebridge Capital | United States | Boston | 84,739.2 | Absolute Return |
| 22 | ▾7 | Cerberus Capital Management | United States | New York | 84,094.6 | Distressed |
| 23 | — | AQR Capital Management | United States | Greenwich | 83,848.2 | Commodities |
| 24 | ▴2 | Tudor Investment Corporation | United States | Stamford | 83,565.5 | Commodities |
| 25 | ▾11 | Capula Investment Management LLP | United Kingdom | London | 78,323.8 | Absolute Return |
| 26 | ▾4 | Fortress Investment Group | United States | New York | 71,327.4 | Distressed |
| 27 | ▾2 | Viking Global Investors | United States | Greenwich | 69,789.5 | Global Macro |
| 28 | ▴1 | Tiger Global Management LLC | United States | New York | 69,561.6 | |
| 29 | ▾1 | Coatue Management | United States | New York | 69,416.4 | |
| 30 | ▴1 | Adage Capital Management | United States | Boston | 59,994.0 | |
| 31 | ▾4 | Brevan Howard Asset Management | United Kingdom | London | 58,630.0 | Commodities |
| 32 | — | Stone Point Capital | United States | Greenwich | 56,767.3 | Long/Short |
| 33 | ▴21 | III Capital | United States | Boca Raton | 55,300.5 | Fixed Income |
| 34 | ▴2 | Farallon Capital Management | United States | San Francisco | 48,181.1 | Multi Strategy |
| 35 | ▾1 | Och-Ziff Capital Management | United States | New York | 44,025.8 | Commodities |
| 36 | ▾1 | Sculptor Capital Management | United States | New York | 44,025.8 | |
| 37 | — | GoldenTree Asset Management | United States | New York | 43,734.3 | Absolute Return |
| 38 | ▴14 | Polar Asset Management Partners | Canada | Toronto | 42,904.5 | |
| 39 | ▴5 | Man Group | United Kingdom | London | 41,696.0 | Convertibles |
| 40 | ▾7 | Davidson Kempner Capital Management | United States | New York | 41,633.1 | Distressed |
| 41 | ▴2 | Tenaron Capital Management | United States | New York | 40,039.4 | Global Macro |
| 42 | ▾21 | Element Capital Management | United States | New York | 40,030.5 | Fixed Income |
| 43 | ▾5 | Oaktree Capital Management | United States | Los Angeles | 38,350.0 | Distressed |
| 44 | ▾5 | Holocene Advisors | United States | New York | 38,045.8 | Long/Short |
| 45 | ▴15 | Silver Point Capital | United States | Greenwich | 37,087.2 | Distressed |
| 46 | ▾4 | Centerbridge Partners LP | United States | New York | 37,035.7 | Commodities |
| 47 | ▾6 | Symmetry Investments | Hong Kong | Hong Kong | 36,435.0 | Fixed Income |
| 48 | ▾3 | Voloridge Investment Management | United States | Jupiter | 36,273.7 | |
| 49 | ▴14 | Field Street Capital Management | United States | New York | 36,005.8 | Fixed Income |
| 50 | ▴1 | Hudson Bay Capital Management | United States | New York | 33,891.9 | Multi Strategy |
| 51 | ▾5 | BlackRock Alternative Advisors | United States | New York | 33,250.0 | Commodities |
| 52 | ▴39 | Marshall Wace | United Kingdom | London | 33,003.7 | Global Macro |
| 53 | ▾5 | Apollo Capital | United States | New York | 32,680.0 | Commodities |
| 54 | ▴4 | King Street Capital Management | United States | New York | 32,316.1 | Commodities |
| 55 | ▾2 | Paskewitz Asset Management | United States | Edison | 31,844.4 | Commodities |
| 56 | ▾7 | Lansdowne Partners | United Kingdom | London | 31,740.0 | Absolute Return |
| 57 | ▾7 | Pictet Alternative Investments | Switzerland | Geneva | 31,715.0 | Fund of Funds |
| 58 | ▴15 | Alyeska Investment Group | United States | Chicago | 31,652.2 | Commodities |
| 59 | ▾19 | Select Equity | United States | New York | 31,573.7 | Long/Short |
| 60 | ▾5 | Cheyne Capital | United Kingdom | London | 28,969.1 | Convertibles |
| 61 | ▴31 | Graham Capital Management | United States | Rowayton | 28,538.3 | Commodities |
| 62 | ▾6 | Kayne Anderson Capital Advisors | United States | Los Angeles | 28,444.3 | Multi Strategy |
| 63 | ▴7 | Polar Capital Partners | United Kingdom | London | 28,106.5 | Convertibles |
| 64 | ▴15 | HBK Capital Management | United States | Dallas | 28,013.1 | Multi Strategy |
| 65 | ▾18 | Moore Capital Management | United States | New York | 27,984.0 | Emerging Markets |
| 66 | ▾7 | Lyxor Asset Management | France | Paris | 27,924.3 | Convertibles |
| 67 | ▾6 | Ruffer | United Kingdom | London | 27,600.0 | Absolute Return |
| 68 | ▾4 | Wellington Management Company LLP | United States | Boston | 27,210.0 | Commodities |
| 69 | ▾4 | Capstone Investment Advisors LLC | United States | New York | 26,990.0 | |
| 70 | ▾4 | TCI Fund Management | United Kingdom | London | 26,500.0 | Long/Short |
| 71 | ▾9 | Benefit Street Partners | United States | New York | 26,070.2 | Fixed Income |
| 72 | ▴3 | Magnetar Capital | United States | Evanston | 24,950.4 | Commodities |
| 73 | ▴78 | Pine River Capital Management | United States | Minnetonka | 24,052.6 | Commodities |
| 74 | ▾3 | Willis Towers Watson | United Kingdom | London | 23,920.0 | Fund of Funds |
| 75 | ▾6 | Baupost Group | United States | Boston | 23,584.8 | Long/Short |
| 76 | ▴1 | Strategic Value Partners | United States | Greenwich | 23,424.1 | Distressed |
| 77 | ▴20 | Onex Credit Partners | Canada | Toronto | 23,410.7 | Fixed Income |
| 78 | ▴34 | Woodline Partners | United States | San Francisco | 22,743.7 | Long/Short |
| 79 | ▾5 | Horsley Bridge Partners | United States | San Francisco | 22,290.4 | Fund of Funds |
| 80 | NEW | RAM Active Investments S.A. | Switzerland | Geneva | 22,000.0 | Emerging Markets |
| 81 | ▾13 | Haidar Capital Management | United States | New York | 21,921.1 | Global Macro |
| 82 | ▴13 | Diameter Capital Partners | United States | New York | 21,577.7 | Fixed Income |
| 83 | ▾7 | Gopher Asset Management | China | Shanghai | 21,200.0 | Absolute Return |
| 84 | ▾3 | Wafra Investment Group | United States | New York | 20,813.4 | Multi Strategy |
| 85 | ▾28 | Paloma Partners | United States | Greenwich | 20,803.3 | Multi Strategy |
| 86 | ▴10 | Brigade Capital Management | United States | New York | 20,342.1 | Commodities |
| 87 | ▾9 | Marathon Asset Management | United States | New York | 20,320.7 | Distressed |
| 88 | ▴15 | Lone Pine Capital | United States | Greenwich | 19,846.2 | Emerging Markets |
| 89 | ▴25 | Beach Point Capital Management | United States | Santa Monica | 19,735.6 | Fixed Income |
| 90 | ▾7 | Arrowstreet Capital | United States | Boston | 19,600.0 | Emerging Markets |
| 91 | ▾7 | Stockbridge | United States | San Francisco | 19,538.1 | Real Estate |
| 92 | ▴25 | Third Point LLC | United States | New York | 19,323.9 | Distressed |
| 93 | ▾7 | Guggenheim Capital Markets | United States | New York | 19,206.2 | Fixed Income |
| 94 | ▾7 | Appaloosa Management | United States | Short Hills | 19,100.0 | Distressed |
| 95 | ▴5 | Hillhouse Capital | Hong Kong | Hong Kong | 19,033.7 | Emerging Markets |
| 96 | ▴5 | Alpha Wave Global, LP | United States | New York | 19,033.7 | Distressed |
| 97 | ▾8 | BFAM Partners | Hong Kong | Hong Kong | 18,965.0 | |
| 98 | ▾8 | Grantham, Mayo, Van Otterloo & Co. | United States | Boston | 18,960.0 | Commodities |
| 99 | ▾6 | Pershing Square Capital Management | United States | New York | 18,251.2 | Long/Short |
| 100 | ▾15 | Alcentra | United Kingdom | London | 17,895.7 | Distressed |
| 101 | ▾3 | OrbiMed Advisors | United States | New York | 17,339.3 | |
| 102 | ▴4 | Universa Investments | United States | Miami | 17,206.7 | |
| 103 | ▾31 | BTG Pactual | Brazil | Sao Paulo | 17,149.1 | Emerging Markets |
| 104 | — | Varde Partners | United States | Minneapolis | 16,669.2 | Distressed |
| 105 | ▴4 | Egerton Capital | United Kingdom | London | 16,482.2 | Long/Short |
| 106 | ▴13 | Monarch Alternative Capital | United States | New York | 16,474.6 | Distressed |
| 107 | ▴23 | Kirkoswold Capital Partners | United Kingdom | London | 16,087.4 | |
| 108 | ▾20 | Algebris Investments | United Kingdom | London | 16,079.5 | Emerging Markets |
| 109 | ▾2 | Neuberger Berman | United States | New York | 15,900.0 | Fund of Funds |
| 110 | ▾11 | MSD Capital | United States | New York | 15,673.7 | |
| 111 | ▾3 | Danske Capital | Denmark | Copenhagen | 15,500.0 | Fixed Income |
| 112 | ▾2 | LMR Partners | United Kingdom | London | 15,350.0 | Distressed |
| 113 | ▴10 | Systematica Investments | United Kingdom | London | 15,125.2 | Commodities |
| 114 | ▴21 | Gordian Capital | Singapore | Singapore | 14,968.6 | Fund of Funds |
| 115 | — | Bayview Asset Management | United States | Coral Gables | 14,700.0 | Fixed Income |
| 116 | ▴18 | Saba Capital | United States | New York | 14,474.5 | Fixed Income |
| 117 | ▴5 | Cevian Capital | Sweden | Stockholm | 14,332.8 | Distressed |
| 118 | ▴2 | Brummer and Partners | Sweden | Stockholm | 14,200.0 | Commodities |
| 119 | ▴7 | Alkeon Capital Management | United States | New York | 14,157.2 | |
| 120 | ▴1 | Lazard Alternatives | United States | New York | 14,120.0 | Long/Short |
| 121 | ▴20 | PDT Partners | United States | New York | 14,019.3 | |
| 122 | ▾28 | Lindsell Train Limited | United Kingdom | London | 13,980.9 | Fixed Income |
| 123 | ▴6 | Commonfund Capital | United States | Wilton | 13,964.0 | Fixed Income |
| 124 | ▾44 | CarVal Investors | United States | Minneapolis | 13,945.1 | Fixed Income |
| 125 | ▴6 | Macquarie | Australia | Sydney | 13,850.4 | Commodities |
| 126 | ▴69 | Engineers Gate Manager | United States | New York | 13,570.9 | |
| 127 | ▾2 | Canyon Partners | United States | Los Angeles | 13,544.9 | Commodities |
| 128 | ▾46 | GAM Fund Management | Hong Kong | Hong Kong | 13,417.0 | Fund of Funds |
| 129 | ▾24 | MJX Asset Management | United States | New York | 13,120.1 | Fixed Income |
| 130 | ▴8 | LibreMax Capital | United States | New York | 12,999.1 | Distressed |
| 131 | ▴17 | Abrams Capital | United States | Boston | 12,962.8 | Commodities |
| 132 | ▴43 | 26 North | United States | New York | 12,831.6 | Fixed Income |
| 133 | ▾6 | JHL Capital Group | United States | Chicago | 12,776.0 | Convertibles |
| 134 | ▾6 | Rockpoint Group | United States | Boston | 12,776.0 | Real Estate |
| 135 | ▴8 | Altimeter Capital | United States | Boston | 12,692.5 | Long/Short |
| 136 | ▾20 | Pharo Management | United States | New York | 12,421.0 | Emerging Markets |
| 137 | ▾24 | Waterfall Asset Management | United States | New York | 12,388.1 | Fixed Income |
| 138 | ▴16 | RWC London | United Kingdom | London | 11,998.1 | Absolute Return |
| 139 | ▴8 | Capital Fund Management | United States | New York | 11,997.2 | Commodities |
| 140 | ▴27 | Whale Rock Capital Management | United States | Boston | 11,674.8 | |
| 141 | ▾30 | Crestline Investors | United States | Fort Worth | 11,601.9 | Distressed |
| 142 | ▾9 | Knighthead Capital Management, LLC | United States | New York | 11,581.9 | Distressed |
| 143 | ▾25 | Nephila Capital | United States | Larkspur | 11,416.8 | Commodities |
| 144 | ▾20 | BlueMountain Capital | United States | New York | 11,397.6 | Fixed Income |
| 145 | ▴16 | Napier Park Global Capital | United States | New York | 11,390.3 | Fixed Income |
| 146 | ▴4 | ValueAct Capital | United States | San Francisco | 11,356.1 | Long/Short |
| 147 | ▾5 | ABC Arbitrage | France | Paris | 11,339.1 | |
| 148 | ▴1 | Hildene Capital Management | United States | Stamford | 11,275.7 | Distressed |
| 149 | ▴25 | Wolverine Asset Management | United States | Chicago | 11,234.9 | |
| 150 | ▴2 | Whitebox Advisors | United States | Minneapolis | 11,045.1 | Convertibles |
| 151 | ▴13 | Aristeia Capital | United States | Greenwich | 10,982.8 | Absolute Return |
| 152 | ▾13 | Adamas Partners | United States | Boston | 10,689.7 | Absolute Return |
| 153 | ▾13 | Rockwood Capital | United States | San Francisco | 10,689.7 | Real Estate |
| 154 | ▴37 | Weiss Asset Management | United States | Boston | 10,675.4 | Commodities |
| 155 | ▾10 | CSOP Asset Management | Hong Kong | Hong Kong | 10,452.7 | Emerging Markets |
| 156 | ▾3 | Redwood Capital Management | United States | Englewood Cliffs | 10,350.1 | Fixed Income |
| 157 | ▴8 | Maverick Capital | United States | Dallas | 10,287.8 | Global Macro |
| 158 | ▾12 | Entrust Permal | United States | New York | 10,277.4 | Fund of Funds |
| 159 | ▾15 | LaSalle Investment Management | United States | Chicago | 9,784.8 | Real Estate |
| 160 | ▾23 | Credit Suisse Alternatives | Switzerland | Zurich | 9,738.4 | Fund of Funds |
| 161 | ▴11 | Magnitude Capital | United States | New York | 9,633.2 | Fund of Funds |
| 162 | ▾26 | Soroban Capital Partners | United States | New York | 9,584.2 | Long/Short |
| 163 | ▴7 | Samlyn Capital | United States | New York | 9,502.2 | |
| 164 | ▴9 | ArcLight Capital Partners | United States | Boston | 9,485.1 | Commodities |
| 165 | NEW | Antipodes Partners Limited | Australia | Sydney | 9,410.0 | |
| 166 | ▴16 | PointState Capital | United States | New York | 9,399.1 | Commodities |
| 167 | ▾35 | Laurion Capital Management | United States | New York | 9,329.4 | Multi Strategy |
| 168 | ▾12 | Aviva Investors | United Kingdom | London | 9,305.3 | Convertibles |
| 169 | ▾9 | Panagora | United States | Boston | 9,110.0 | Global Macro |
| 170 | ▾8 | Transtrend | Netherlands | Rotterdam | 9,040.0 | Commodities |
| 171 | ▾8 | BlueCrest Capital Management | United Kingdom | London | 9,000.0 | Commodities |
| 172 | ▴20 | Shenkman Capital Management | United States | New York | 8,966.6 | Absolute Return |
| 173 | ▾2 | Parallax Fund | United States | San Francisco | 8,934.2 | Multi Strategy |
| 174 | ▴14 | Asia Frontier Capital | Hong Kong | Hong Kong | 8,758.4 | Emerging Markets |
| 175 | ▾7 | Natixis Alternative Investments | United States | Boston | 8,690.0 | Long/Short |
| 176 | ▴59 | Winton Capital Management | United Kingdom | London | 8,666.9 | Absolute Return |
| 177 | ▴1 | Pentwater Capital Management | United States | Evanston | 8,661.5 | Distressed |
| 178 | ▴24 | VR Advisory Services Ltd. | United States | New York | 8,648.6 | Distressed |
| 179 | ▴33 | 400 Capital Management LLC | United States | New York | 8,591.4 | |
| 180 | ▴3 | Steadfast Financial LP | United States | New York | 8,522.5 | Long/Short |
| 181 | ▾5 | Eminence Capital | United States | New York | 8,465.7 | |
| 182 | ▾16 | Taconic Capital Advisors | United States | New York | 8,065.2 | Commodities |
| 183 | ▴7 | Harbert Management Corporation | United States | Birmingham | 7,840.9 | Commodities |
| 184 | ▾7 | La Française Global Investment Solutions | France | Paris | 7,620.0 | Absolute Return |
| 185 | ▾6 | Oak Hill Advisors | United States | New York | 7,580.0 | Distressed |
| 186 | ▾28 | HG Vora Capital Management | United States | New York | 7,551.5 | Distressed |
| 187 | ▾3 | Highbridge Capital Management | United States | New York | 7,463.6 | Commodities |
| 188 | ▴54 | Rubric Capital Management | United States | New York | 7,103.1 | |
| 189 | ▾3 | Blue Mountain Capital Partners | United Kingdom | London | 7,100.0 | Commodities |
| 190 | ▴16 | Ellington Management Group | United States | Old Greenwich | 7,073.8 | Fixed Income |
| 191 | ▴22 | SPARX Group Co. | Japan | Tokyo | 6,940.9 | |
| 192 | ▾5 | Libra Advisors | United States | New York | 6,867.3 | Long/Short |
| 193 | ▴12 | Overlook Investments Group | Hong Kong | Hong Kong | 6,800.1 | |
| 194 | — | Grove Street Advisors | United States | Newton | 6,773.2 | Fund of Funds |
| 195 | ▾2 | Amundi Alternative Investments | France | Paris | 6,580.0 | Fund of Funds |
| 196 | ▴21 | Sagard Holdings Manager LP | Canada | Toronto | 6,418.1 | Fixed Income |
| 197 | ▾17 | Avenue Capital Group | United States | New York | 6,405.8 | Commodities |
| 198 | ▾13 | Tilden Park Capital Management | United States | New York | 6,364.4 | Fixed Income |
| 199 | ▴4 | HPS Investment Partners | United States | New York | 6,350.0 | Fixed Income |
| 200 | ▴46 | Anomaly Capital Management | United States | New York | 6,251.7 | Long/Short |
| 201 | ▴6 | Investec Asset Management | United Kingdom | London | 6,210.0 | Multi Strategy |
| 202 | ▴7 | SPX Capital | Brazil | Rio de Janeiro | 6,150.0 | Commodities |
| 203 | ▴7 | Candlestick Capital | United States | Greenwich | 6,086.2 | |
| 204 | ▾3 | Corbin Capital Partners | United States | New York | 6,038.2 | Fund of Funds |
| 205 | NEW | Kensico Capital Management | United States | Greenwich | 6,028.3 | Multi Strategy |
| 206 | ▴2 | Trian Fund Management LP | United States | New York | 5,830.0 | Distressed |
| 207 | ▴4 | Segantii Capital Management | Hong Kong | Hong Kong | 5,825.0 | Multi Strategy |
| 208 | ▴8 | Gramercy | United States | Greenwich | 5,819.0 | Distressed |
| 209 | NEW | Arisaig Partners | Singapore | Singapore | 5,630.6 | Emerging Markets |
| 210 | ▴5 | Altrinsic Global Advisors | United States | Greenwich | 5,625.0 | |
| 211 | ▴3 | Aquatic Capital Management LLC | United States | Chicago | 5,450.2 | |
| 212 | ▾43 | Tikehau Capital | France | Paris | 5,447.6 | Distressed |
| 213 | ▴12 | Olympia Capital Management | United States | New York | 5,400.0 | Fund of Funds |
| 214 | ▴4 | Stone Milliner Asset Management | United Kingdom | London | 5,380.0 | Commodities |
| 215 | ▴5 | GMT Capital | United States | Atlanta | 5,282.0 | Long/Short |
| 216 | ▴6 | Luxor Capital Group | United States | New York | 5,203.2 | Distressed |
| 217 | ▴6 | Dymon Asia | Singapore | Singapore | 5,200.0 | Commodities |
| 218 | ▾61 | Pacific Alternative Asset Management | United States | Irvine | 5,199.4 | Convertibles |
| 219 | ▾38 | Lombard Odier Darier Hentsch & Cie | Switzerland | Petit-Lancy | 5,155.6 | Fund of Funds |
| 220 | ▴4 | Ellerston Capital | Australia | Sydney | 5,120.0 | Absolute Return |
| 221 | ▴16 | Hawk Ridge Capital Management | United States | Los Angeles | 5,089.9 | |
| 222 | ▾3 | Senator Investment Group | United States | New York | 5,022.5 | Long/Short |
| 223 | ▴3 | Avanda Investment Management | Singapore | Singapore | 5,020.0 | Multi Strategy |
| 224 | ▴21 | JP Morgan Alternative Investments | United States | New York | 4,959.0 | Fund of Funds |
| 225 | ▴2 | Empyrean Capital Partners | United States | Los Angeles | 4,946.7 | Convertibles |
| 226 | ▴2 | Cantab Capital Partners | United Kingdom | Cambridge | 4,910.0 | Global Macro |
| 227 | ▴2 | North Rock Capital LLC | United States | New York | 4,900.0 | Fund of Funds |
| 228 | NEW | GSA Capital | United Kingdom | London | 4,815.0 | Absolute Return |
| 229 | ▴1 | Birch Grove Capital | United States | New York | 4,809.4 | Fixed Income |
| 230 | NEW | GaoTeng Asset Management | Hong Kong | Hong Kong | 4,790.8 | Fixed Income |
| 231 | ▴18 | Gotham Asset Management | United States | New York | 4,723.5 | Long/Short |
| 232 | ▾28 | Anchorage Capital Group | United States | New York | 4,722.4 | Distressed |
| 233 | NEW | UG Investment Advisers Ltd. | Taiwan | Taipei | 4,675.2 | Distressed |
| 234 | ▾75 | Platinum Asset Management | Australia | Sydney | 4,663.6 | |
| 235 | ▾14 | ZAIS Group Limited | United Kingdom | London | 4,474.0 | Fixed Income |
| 236 | ▾39 | EJF Asset Management | United States | Arlington | 4,435.9 | Distressed |
| 237 | ▾4 | Emso Asset Management Limited | United Kingdom | London | 4,424.0 | |
| 238 | NEW | TrexQuant Management | United States | Stamford | 4,410.2 | |
| 239 | NEW | Senvest Capital | United States | New York | 4,397.1 | |
| 240 | NEW | Discovery Capital Management | United States | Norwalk | 4,297.3 | Emerging Markets |
| 241 | ▾2 | TIG Advisors | United States | New York | 4,287.9 | Distressed |
| 242 | ▾8 | HighVista Strategies | United States | Boston | 4,163.5 | Multi Strategy |
| 243 | ▾11 | 57 Stars | United States | Washington | 4,144.5 | Emerging Markets |
| 244 | ▾3 | Evanston Capital Management | United States | Evanston | 4,142.1 | Fund of Funds |
| 245 | NEW | Sachem Head Capital Management | United States | New York | 4,123.4 | |
| 246 | ▾2 | HSBC Alternative Investments | United Kingdom | London | 4,094.5 | Emerging Markets |
| 247 | NEW | Ionic Capital Management | United States | New York | 4,089.2 | Fixed Income |
| 248 | ▾8 | Contrarian Capital Management | United States | Greenwich | 4,039.2 | Distressed |
| 249 | ▾1 | Exane Asset Management | France | Paris | 3,950.0 | Absolute Return |
| 250 | NEW | Gates Capital Management | United States | New York | 3,941.3 | Distressed |
Top 10 Funds — AUM Comparison ($B)
Movers and Shakers
🔺 Biggest AUM Gainers
| Fund | $ Change | % Change |
| Rokos Capital Management | +$57.4B | +33.3% |
| Squarepoint Ops | +$57.0B | +46.0% |
| Citadel Investment Group | +$48.9B | +12.3% |
| Point72 Asset Management | +$48.8B | +28.4% |
| Ares Management | +$37.3B | +13.3% |
🆕 New Entrants
| Rank | Fund | AUM |
| #4 | Oracle Investment Management | $265,152M |
| #80 | RAM Active Investments S.A. | $22,000M |
| #165 | Antipodes Partners Limited | $9,410M |
| #205 | Kensico Capital Management | $6,028M |
| #209 | Arisaig Partners | $5,631M |
| #228 | GSA Capital | $4,815M |
| #230 | GaoTeng Asset Management | $4,791M |
| #233 | UG Investment Advisers Ltd. | $4,675M |
| #238 | TrexQuant Management | $4,410M |
| #239 | Senvest Capital | $4,397M |
| #240 | Discovery Capital Management | $4,297M |
| #245 | Sachem Head Capital Management | $4,123M |
| #247 | Ionic Capital Management | $4,089M |
| #250 | Gates Capital Management | $3,941M |
📉 Dropped from List
| Ardea Investment Management |
| Atalaya Capital Management LP |
| Axonic Capital LLC |
| Cadian Capital |
| Caxton Associates |
| Cyrus Capital Partners |
| K2 Advisors |
| MKP Capital Europe |
| MKP Capital Management |
| Odey Asset Management |
| Perella Weinberg Partners |
| Sprott Asset Management |
| Tennenbaum Capital Partners |
| Wimmer Horizon |
📊 Fastest Growing (%)
| Pine River Capital Management | +147.5% |
| Engineers Gate Manager | +109.6% |
| Winton Capital Management | +94.4% |
| III Capital | +84.7% |
| Marshall Wace | +74.9% |
Key Statistics
- 179 of the top 250 are based in United States (72%)
- 32 of the top 250 are based in United Kingdom (13%)
- 9 of the top 250 are based in Hong Kong (4%)
- 6 of the top 250 are based in France (2%)
- 4 of the top 250 are based in Switzerland (2%)
- The top 250 funds manage $7.67 trillion in combined AUM
- The top 10 funds alone manage $2.45 trillion — 32% of the total
- Average AUM of the top 250 is $30.7 billion
- Median AUM is $13.6 billion
- Combined AUM increased 12.6% from 2025
Strategy Distribution Trends
| Strategy | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| Fixed Income | 77 | 78 | 76 | -2 |
| Multi Strategy | 57 | 57 | 55 | -2 |
| Long/Short | 48 | 50 | 49 | -1 |
| Distressed | 51 | 46 | 45 | -1 |
| Commodities | 48 | 45 | 43 | -2 |
| Global Macro | 38 | 41 | 41 | — |
| Fund of Funds | 22 | 29 | 28 | -1 |
| Emerging Markets | 21 | 19 | 22 | +3 |
| Real Estate | 18 | 20 | 20 | — |
| Absolute Return | 14 | 16 | 16 | — |
| Convertibles | 13 | 15 | 15 | — |
| Energy | 8 | 5 | 5 | — |
Frequently Asked Questions
What is the largest Largest Hedge Funds?
As of 2026, Citadel Investment Group is the largest with approximately $446B in assets under management, based in Chicago.
How much do the top 250 Largest Hedge Funds manage?
The 250 largest collectively manage approximately $7.67 trillion in AUM as of 2026, an increase of 12.6% from the prior year.
Which location has the most Largest Hedge Funds?
United States is home to 72% of the top 250 Largest Hedge Funds, making it the most represented location.
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