Top 50 Multi-Strategy Hedge Funds 2026

The 50 largest Multi-Strategy Hedge Funds manage approximately $2.20 trillion in combined assets as of 2026, up 10.5% from 2025.

Citadel Investment Group leads the rankings at $446B in AUM, based in Chicago. Balyasny Asset Management ranks second at $265B, followed by Millennium Capital Partners at $218B.

United States is the most represented location with 78% of the top 50 funds.

There are 2 new entrants to the top 50 in 2026 and 2 funds that dropped off compared to 2025.

Total AUM — Top 50 Multi-Strategy Hedge Funds 2026

Country Distribution

$2.2T
Total AUM
+10.5%
YoY Change
$44B
Average AUM
78%
Based in United States

Top 50 Multi-Strategy Hedge Funds 2026

Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.

RankΔFund NameCityCountryAUM ($M)
1—Citadel Investment GroupChicagoUnited States445,959.0
2—Balyasny Asset ManagementChicagoUnited States265,152.4
3—Millennium Capital PartnersNew YorkUnited States218,000.0
4▴1Exoduspoint Capital Management, LPNew YorkUnited States119,722.3
5▾1Goldman Sachs Asset ManagementNew YorkUnited States106,240.0
6▴1Angelo Gordon & Co.New YorkUnited States100,050.7
7▾1Renaissance TechnologiesEast SetauketUnited States91,958.3
8—AQR Capital ManagementGreenwichUnited States83,848.2
9—Tudor Investment CorporationStamfordUnited States83,565.5
10—Farallon Capital ManagementSan FranciscoUnited States48,181.1
11▴4Silver Point CapitalGreenwichUnited States37,087.2
12▾1Centerbridge Partners LPNew YorkUnited States37,035.7
13▾1Hudson Bay Capital ManagementNew YorkUnited States33,891.9
14▴9Marshall WaceLondonUnited Kingdom33,003.7
15▾2Kayne Anderson Capital AdvisorsLos AngelesUnited States28,444.3
16▴4HBK Capital ManagementDallasUnited States28,013.1
17▾1RufferLondonUnited Kingdom27,600.0
18▾1Wellington Management Company LLPBostonUnited States27,210.0
19—Magnetar CapitalEvanstonUnited States24,950.4
20▴12Pine River Capital ManagementMinnetonkaUnited States24,052.6
21▾3Haidar Capital ManagementNew YorkUnited States21,921.1
22▾1Wafra Investment GroupNew YorkUnited States20,813.4
23▾9Paloma PartnersGreenwichUnited States20,803.3
24—Beach Point Capital ManagementSanta MonicaUnited States19,735.6
25▾3Guggenheim Capital MarketsNew YorkUnited States19,206.2
26▾1Brummer and PartnersStockholmSweden14,200.0
27▾1Lazard AlternativesNew YorkUnited States14,120.0
28▴1Commonfund CapitalWiltonUnited States13,964.0
29▴1MacquarieSydneyAustralia13,850.4
30▾3Canyon PartnersLos AngelesUnited States13,544.9
31▾3JHL Capital GroupChicagoUnited States12,776.0
32▴1Whitebox AdvisorsMinneapolisUnited States11,045.1
33▴11Weiss Asset ManagementBostonUnited States10,675.4
34▴2Maverick CapitalDallasUnited States10,287.8
35▴5Magnitude CapitalNew YorkUnited States9,633.2
36▾5Laurion Capital ManagementNew YorkUnited States9,329.4
37▾3Aviva InvestorsLondonUnited Kingdom9,305.3
38▾3BlueCrest Capital ManagementLondonUnited Kingdom9,000.0
39—Parallax FundSan FranciscoUnited States8,934.2
40▾2Natixis Alternative InvestmentsBostonUnited States8,690.0
41▾4Taconic Capital AdvisorsNew YorkUnited States8,065.2
42—Highbridge Capital ManagementNew YorkUnited States7,463.6
43▴7Sagard Holdings Manager LPTorontoCanada6,418.1
44▾1Tilden Park Capital ManagementNew YorkUnited States6,364.4
45▴2Investec Asset ManagementLondonUnited Kingdom6,210.0
46NEWKensico Capital ManagementGreenwichUnited States6,028.3
47▴1Segantii Capital ManagementHong KongHong Kong5,825.0
48▴1GramercyGreenwichUnited States5,819.0
49▾8Lombard Odier Darier Hentsch & CiePetit-LancySwitzerland5,155.6
50NEWAvanda Investment ManagementSingaporeSingapore5,020.0

Top 10 Funds — AUM Comparison ($B)

Movers and Shakers

🔺 Biggest AUM Gainers

Fund$ Change% Change
Citadel Investment Group+$48.9B+12.3%
Exoduspoint Capital Management, LP+$34.0B+39.6%
Tudor Investment Corporation+$20.0B+31.4%
Angelo Gordon & Co.+$18.0B+21.9%
Balyasny Asset Management+$17.1B+6.9%

🆕 New Entrants

RankFundAUM
#46Kensico Capital Management$6,028M
#50Avanda Investment Management$5,020M

📉 Dropped from List

MKP Capital Europe
MKP Capital Management

📊 Fastest Growing (%)

Pine River Capital Management+147.5%
Marshall Wace+74.9%
Weiss Asset Management+60.3%
Exoduspoint Capital Management, LP+39.6%
HBK Capital Management+38.3%

Key Statistics

  • 39 of the top 50 are based in United States (78%)
  • 5 of the top 50 are based in United Kingdom (10%)
  • 1 of the top 50 are based in Sweden (2%)
  • 1 of the top 50 are based in Australia (2%)
  • 1 of the top 50 are based in Canada (2%)
  • The top 50 funds manage $2.20 trillion in combined AUM
  • The top 10 funds alone manage $1.56 trillion — 71% of the total
  • Average AUM of the top 50 is $44.0 billion
  • Median AUM is $14.2 billion
  • Combined AUM increased 10.5% from 2025

Geographic Distribution Trends

Country202420252026YoY Δ
United States413939—
United Kingdom565-1
Australia011—
Canada011—
Hong Kong111—
Singapore101+1
Sweden111—
Switzerland111—

Frequently Asked Questions

What is the largest Multi-Strategy 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 50 Multi-Strategy Hedge Funds manage?
The 50 largest collectively manage approximately $2.20 trillion in AUM as of 2026, an increase of 10.5% from the prior year.
Which location has the most Multi-Strategy Hedge Funds?
United States is home to 78% of the top 50 Multi-Strategy Hedge Funds, making it the most represented location.

Related Rankings

Top 250 Largest Hedge Funds 2026 Top 50 Long/Short Hedge Funds 2026 Top 50 Global Macro Hedge Funds 2026 Top 100 US Hedge Funds 2026
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