Top 50 Largest Long/Short Hedge Funds – 2023
The 50 biggest long-short hedge funds collectively manage almost one trillion in assets.
Bridgewater Associates, with over $235 billion USD in assets is the largest long/short hedge fund manager in the US, as well as the world as a whole. Two Sigma International and Viking Global Investors, with $81 billion and $60 billion in AUM respectively, rank second and third among the biggest L/S hedge funds.
What are long/short hedge funds?
Long/short hedge funds are a type of hedge fund that takes both long and short positions in securities. Long positions are bets that the price of an asset will rise, while short positions are bets that the price of an asset will fall. By taking both long and short positions, long/short hedge funds can reduce their overall risk and generate returns in both rising and falling markets.
Long/short hedge funds typically use a variety of factors to identify undervalued and overvalued assets, including fundamental analysis, technical analysis, and quantitative analysis. Once an asset has been identified as undervalued or overvalued, the fund will take a long or short position accordingly.
Top 50 Largest Long/Short Hedge Funds – 2023
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Fund Name | City | Country | AUM | Strategy |
|---|---|---|---|---|---|
| 1 | Bridgewater Associates | Westport | United States | $235,542 | Long/Short, Global Macro |
| 2 | Two Sigma International Limited | London | United Kingdom | $81,175 | Long/Short |
| 3 | Viking Global Investors | Greenwich | United States | $59,833 | Global Macro, Long/Short |
| 4 | Select Equity | New York | United States | $58,473 | Equity, Long/Short |
| 5 | Lighthouse Investment Partners | Palm Beach Gardens | United States | $51,918 | Fund of Funds, Long/Short, Managed Futures |
| 6 | Lone Pine Capital | Greenwich | United States | $35,538 | Long/Short, Emerging Markets |
| 7 | Baupost Group | Boston | United States | $31,606 | Global Equity, Long/Short, Value |
| 8 | Polar Capital Partners | London | United Kingdom | $30,348 | Long/Short, Convertibles |
| 9 | Holocene Advisors | New York | United States | $28,349 | Long/Short |
| 10 | Egerton Capital | London | United Kingdom | $24,344 | Long/Short |
| 11 | Lyxor Asset Management | Paris | France | $24,152 | Convertibles, Long/Short, Distressed Assets |
| 12 | TIG Advisors | New York | United States | $22,140 | Global Equity, Long/Short, Event Driven |
| 13 | Arrowstreet Capital | Boston | United States | $19,600 | Emerging Markets, Long/Short |
| 14 | Altimeter Capital | Boston | United States | $17,950 | Long/Short |
| 15 | Sprott Asset Management | Toronto | Canada | $17,868 | Small Cap, Long/Short, Commodities |
| 16 | Knighthead Capital Management, LLC | New York | United States | $14,734 | Long/Short, Credit, Event Driven |
| 17 | BlueMountain Capital | New York | United States | $14,408 | Long/Short, Credit |
| 18 | RWC London | London | United Kingdom | $14,407 | Absolute Returns, Long/Short, Emerging Markets |
| 19 | Brummer and Partners | Stockholm | Sweden | $14,200 | Long/Short, Multi Strategy, Global Macro |
| 20 | Soroban Capital Partners | New York | United States | $13,722 | Long/Short |
| 21 | Woodline Partners | San Francisco | United States | $13,521 | Long/Short |
| 22 | Entrust Permal | New York | United States | $13,454 | Fund of Funds, Long/Short |
| 23 | ValueAct Capital | San Francisco | United States | $13,233 | Long/Short, Activist, ESG |
| 24 | Janus Henderson | London | United Kingdom | $12,231 | Global Macro, Long/Short |
| 25 | Steadfast Financial LP | New York | United States | $11,134 | Long/Short |
| 26 | Senator Investment Group | New York | United States | $9,060 | Long/Short |
| 27 | Natixis Alternative Investments | Boston | United States | $8,690 | Multi Strategy, Long/Short |
| 28 | Libra Advisors | New York | United States | $8,338 | Long/Short |
| 29 | Weiss Asset Management | Boston | United States | $7,986 | Multi Strategy, Long/Short, Managed Futures |
| 30 | Axonic Capital LLC | New York | United States | $7,414 | Long/Short, Credit |
| 31 | The Children's Investment Fund Foundation | London | United Kingdom | $7,000 | Long/Short |
| 32 | Gordian Capital | Singapore | Singapore | $6,693 | Fund of Funds, Long/Short, Real Estate |
| 33 | Amundi Alternative Investments | Paris | France | $6,580 | Fund of Funds, Long/Short |
| 34 | Odey Asset Management | London | United Kingdom | $4,785 | Absolute Returns, Long/Short |
| 35 | GMT Capital | Atlanta | United States | $4,752 | Long/Short, Value |
| 36 | Aspect Capital | London | United Kingdom | $4,524 | Managed Futures, Long/Short |
| 37 | Ward Ferry Management | Hong Kong | Hong Kong | $4,155 | Long/Short |
| 38 | Exane Asset Management | Paris | France | $3,950 | Long/Short, Absolute Returns |
| 39 | Gotham Asset Management | New York | United States | $3,754 | Long/Short |
| 40 | Triasima Portfolio Management Inc. | Montreal, Quebec | Canada | $3,733 | ESG, Long/Short, Global Equities |
| 41 | Ivory Investment Management | Los Angeles | United States | $3,581 | Value, Long/Short |
| 42 | Anomaly Capital Management | New York | United States | $3,553 | Long/Short |
| 43 | Long Pond Capital | New York | United States | $3,425 | Long/Short |
| 44 | Coolabah Capital Institutional Investments Pty Limited | Sydney | Australia | $2,970 | Long/Short, Credit |
| 45 | Cadian Capital | New York | United States | $2,837 | Long/Short |
| 46 | Scopia Capital | New York | United States | $2,693 | Long/Short, Event Driven |
| 47 | Basswood Capital Management | New York | United States | $2,623 | Long/Short, Value, Managed Futures |
| 48 | Luminus Management | New York | United States | $2,399 | Long/Short |
| 49 | Toscafund Asset Management | London | United Kingdom | $2,344 | Long/Short, Event Driven, Real Estate |
| 50 | APS Asset Management | Singapore | Singapore | $2,341 | Global Equity, Long/Short |
Key Statistics
- The 50 biggest long-short hedge funds collectively manage almost one trillion in assets.
- 9 of the top 50 long/short hedge funds are based in the United Kingdom
- 3 of the 50 largest long/short hedge funds for 2023 iare based in France
- The average AUM of the top 50 L/S hedge funds for 2023 is $19.9 billion USD
- The median AUM of the top 50 long short hedge funds for 2023 is $10.1 billion USD
- The average number of employees at the top 50 UK hedge funds is 30
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