Top 250 Largest Hedge Funds – 2018

There are some minor changes for the 2018 top hedge fund rankings versus 2017. Though assets for the hedge fund industry as a whole increased from 2017, the total AUM of the top 250 hedge funds fell slightly for 2018. In general, long biased and emerging market funds had the largest increases in AUM for 2018. Fund of funds and global macro hedge funds had net decreases in assets under management.

Third Point and Lighthouse Investment Partners moved up in to the top 50 hedge funds for 2018 while Magnetar Capital fell out of the top 50.

Hedge funds making the top 250 hedge funds for 2018 for the first time include Key Square Capital Management, Prime Capital Management, Knighthead Capital Management, Czech Asset Management, and CSOP Asset Management. In total there were 24 new entrants into the top 250 global hedge funds for 2018.

The average AUM of the top 250 hedge funds for 2018 is $17.52 billion

Top 250 Largest Hedge Funds – 2018

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	AQR Capital Management	Greenwich	United States	243,982	Multi Strategy
2	Bridgewater Associates	Westport	United States	239,323	Long/Short
3	Millennium Management	New York	United States	207,626	Multi Strategy
4	Citadel Investment Group	Chicago	United States	152,656	Convertibles
5	Goldman Sachs Asset Management	New York	United States	106,240	0
6	Wellington Management Company LLP	Boston	United States	99,740	Multi Strategy
7	Renaissance Technologies	East Setauket	United States	97,006	Multi Strategy
8	Pine River Capital Management	Minnetonka	United States	82,775	Multi Strategy
9	DE Shaw	New York	United States	81,317	Absolute Return
10	Fortress Investment Group	New York	United States	56,936	Private Equity
11	Elliott Management	New York	United States	56,006	Global Equity
12	Element Capital Management	New York	United States	55,883	Global Macro
13	BlueCrest Capital Management	Geneva	Switzerland	55,100	0
14	Moore Capital Management	New York	United States	53,824	Global Macro
15	Och-Ziff Capital Management	New York	United States	51,744	Global Macro
16	Two Sigma Investments	New York	United States	49,269	Commodities
17	Cerberus Capital Management	New York	United States	47,973	Aerospace/Defense
18	Capula Investment Management LLP	London	United Kingdom	45,812	Absolute Return
19	Viking Global Investors	Greenwich	United States	43,378	Global Macro
20	Adage Capital Management	Boston	United States	41,969	0
21	GAM Fund Management	Hong Kong	Hong Kong	40,318	Fund of Funds
22	Tudor Investment Corporation	Greenwich	United States	39,662	Multi Strategy
23	Angelo Gordon & Co.	New York	United States	38,319	Real Estate
24	Balyasny Asset Management	Chicago	United States	37,210	Multi Strategy
25	BlackRock Alternative Advisors	New York	United States	33,250	Global Macro
26	Lone Pine Capital	Greenwich	United States	33,157	Long/Short
27	Discovery Capital Management	Norwalk	United States	33,072	Equity
28	Pictet Alternative Investments	Geneva	Switzerland	31,715	Fund of Funds
29	Baupost Group	Boston	United States	31,563	Global Equity
30	Davidson Kempner Capital Management	New York	United States	31,023	Global Equity
31	Graham Capital Management	Rowayton	United States	30,308	Global Macro
32	GoldenTree Asset Management	New York	United States	27,384	Private Equity
33	Anchorage Capital Group	New York	United States	27,176	Credit
34	Centerbridge Partners LP	New York	United States	26,049	Multi Strategy
35	HBK Capital Management	Dallas	United States	25,448	Multi Strategy
36	Farallon Capital Management	San Francisco	United States	25,436	Multi Strategy
37	Hillhouse Capital	Hong Kong	Hong Kong	24,960	Emerging Markets
38	PointState Capital	New York	United States	24,763	Energy
39	Tiger Global Management LLC	New York	United States	23,596	0
40	Bracebridge Capital	Boston	United States	23,528	Absolute Returns
41	Appaloosa Management	Short Hills	United States	22,845	Global Equity
42	Hutchin Hill Capital	New York	United States	22,809	Event Driven
43	Bluemountain Capital Management	New York	United States	22,788	Global Macro
44	Third Point LLC	New York	United States	22,616	Event Driven
45	Lighthouse Investment Partners	Palm Beach Gardens	United States	21,238	Fund of Funds
46	King Street Capital Management	New York	United States	21,219	Global Macro
47	Winton Capital Management	London	United Kingdom	21,157	Managed Futures
48	Select Equity	New York	United States	20,511	Equity
49	York Capital Management	New York	United States	19,975	Event Driven
50	York Capital Management	London	United Kingdom	19,975	Event Driven
51	Magnetar Capital	Evanston	United States	19,895	Multi Strategy
52	Brigade Capital Management	New York	United States	19,731	Managed Futures
53	Caxton Associates	Princeton	United States	19,427	Global Macro
54	Kayne Anderson Capital Advisors	Los Angeles	United States	19,358	Private Equity
55	Canyon Partners	Los Angeles	United States	19,149	Multi Strategy
56	Platinum Asset Management	Sydney	Australia	18,985	Equity
57	Grantham, Mayo, Van Otterloo & Co.	Boston	United States	18,960	Emerging Markets
58	Carlson Alternative Advisors	Dallas	United States	18,882	Private Equity
59	Highfields Capital Management	Boston	United States	18,796	0
60	MKP Capital Management	New York	United States	18,705	Multi Strategy
61	ValueAct Capital	San Francisco	United States	17,581	Long/Short
62	Egerton Capital	London	United Kingdom	17,146	Long/Short
63	Alyeska Investment Group	Chicago	United States	16,532	Managed Futures
64	Spectrum Asset Management	Stamford	United States	16,509	Fixed Income
65	Cheyne Capital	London	United Kingdom	16,397	Real Estate
66	Glenview Capital Management	New York	United States	16,320	Multi Strategy
67	Tilden Park Capital Management	New York	United States	16,058	Multi Strategy
68	Maverick Capital	Dallas	United States	15,922	Global Macro
69	Neuberger Berman	New York	United States	15,900	Fund of Funds
70	Danske Capital	Copenhagen	Denmark	15,500	European Equity
71	Cevian Capital	Stockholm	Sweden	15,453	Activist
72	Marathon Asset Management	New York	United States	15,248	Credit
73	OrbiMed Advisors	New York	United States	15,200	Private Equity
74	UBS Hedge Fund Solutions	Stamford	United States	14,550	Equity
75	Arrowgrass Capital Partners	London	United Kingdom	14,440	Convertibles
76	Brummer and Partners	Stockholm	Sweden	14,200	Long/Short
77	Lazard Alternatives	New York	United States	14,120	Multi Strategy
78	Paloma Partners	Greenwich	United States	14,022	0
79	Pershing Square Capital Management	New York	United States	13,811	Value
80	Coatue Management	New York	United States	13,755	0
81	Carval Investors	Hopkins	United States	13,646	Fixed Income
82	Varde Partners	Minneapolis	United States	13,541	Distressed Assets
83	Senator Investment Group	New York	United States	13,388	Long/Short
84	Pharo Management	New York	United States	13,382	Global Macro
85	M Square Investimentos	Sao Paulo	Brazil	13,379	0
86	Alcentra	London	United Kingdom	13,330	Distressed Assets
87	Oxford Asset Management	Oxford	United Kingdom	13,042	Absolute Returns
88	Beach Point Capital Management	Santa Monica	United States	13,033	Multi Strategy
89	Fir Tree Partners	New York	United States	13,018	0
90	Algebris Investments	London	United Kingdom	12,494	Credit
91	Trian Fund Management LP	New York	United States	12,478	0
92	Paulson & Co.	New York	United States	12,443	Multi Strategy
93	Blue Ridge Capital	Atlanta	United States	12,410	Real Estate
94	Silver Point Capital	Greenwich	United States	12,345	Multi Strategy
95	Arrowstreet Capital	Boston	United States	12,200	0
96	Polar Capital Partners	London	United Kingdom	11,945	Long/Short
97	Benefit Street Partners	New York	United States	11,829	Credit
98	Metacapital Management LP	New York	United States	11,734	Fixed Income
99	Soroban Capital Partners	New York	United States	11,626	Long/Short
100	HSBC Alternative Investments	London	United Kingdom	11,621	Multi Strategy
101	Nephila Capital	Larkspur	United States	11,576	Insurance
102	Scopia Capital	New York	United States	11,370	Long/Short
103	Lindsell Train Limited	London	United Kingdom	11,342	Fixed Income
104	Eton Park Capital Management	New York	United States	11,329	Credit
105	Horsley Bridge Partners	San Francisco	United States	11,172	Private Equity
106	LaSalle Investment Management	Chicago	United States	11,012	Real Estate
107	Lyxor Asset Management	Paris	France	10,958	Convertibles
108	KLS Diversified	New York	United States	10,940	Fixed Income
109	RWC Partners	London	United Kingdom	10,582	Absolute Returns
110	MJX Asset Management	New York	United States	10,569	CDO
111	Eminence Capital	New York	United States	10,551	Activist
112	CQS Investment Management Limited	London	United Kingdom	10,500	Multi Strategy
113	Wafra Investment Group	New York	United States	10,483	Multi Strategy
114	Commonfund Capital	Wilton	United States	10,364	Multi Strategy
115	Marshall Wace	London	United Kingdom	10,324	Global Macro
116	Pacific Alternative Asset Management	Irvine	United States	10,053	Fund of Funds
117	K2 Advisors	Stamford	United States	9,808	Fund of Funds
118	PDT Partners	New York	United States	9,720	0
119	ArcLight Capital Partners	Boston	United States	9,616	Energy
120	Aviva Investors	London	United Kingdom	9,599	Convertibles
121	Abrams Capital	Boston	United States	9,314	Managed Futures
122	Ellington Management Group	Old Greenwich	United States	9,238	ABS
123	Kensico Capital Management	Greenwich	United States	9,209	Multi Strategy
124	Highbridge Capital Management	New York	United States	9,135	Convertibles
125	Whitebox Advisors	Minneapolis	United States	8,863	Global Macro
126	Graticule Asset Management Asia	Singapore	Singapore	8,826	Global Macro
127	Steadfast Financial LP	New York	United States	8,761	Long/Short
128	Natixis Alternative Investments	New York	United States	8,690	Multi Strategy
129	Greenlight Capital	New York	United States	8,676	Long/Short
130	Catterton Partners	Greenwich	United States	8,574	Food and Beverage
131	Prisma Capital Partners	New York	United States	8,540	Fund of Funds
132	GSA Capital	London	United Kingdom	8,509	0
133	Rockpoint Group	Jacksonville	United States	8,504	Real Estate
134	Jana Partners	New York	United States	8,500	Event Driven
135	Panagora	Boston	United States	8,420	Global Macro
136	Crestline Management	Fort Worth	United States	8,410	Fund of Funds
137	Alder Capital	Del Mar	United States	8,397	Managed Futures
138	Parallax Fund	San Francisco	United States	8,311	Multi Strategy
139	EJF Asset Management	Arlington	United States	8,244	Event Driven
140	Systematica Investments	London	United Kingdom	8,037	Commodities
141	GMT Capital	Atlanta	United States	8,019	Long/Short
142	Solus Alternative Asset Management	New York	United States	7,938	Distressed Assets
143	Taconic Capital Advisors	New York	United States	7,761	Managed Futures
144	Onex Credit Partners	Toronto	Canada	7,738	Credit
145	Oak Hill Advisors	New York	United States	7,580	Credit
146	PAR Capital Management	Boston	United States	7,529	Global Macro
147	Rimrock Capital Management	Irvine	United States	7,472	Commodities
148	MSD Capital	New York	United States	7,436	Credit
149	Corvex Management	New York	United States	7,418	Activist
150	Structured Portfolio Management	Stamford	United States	7,235	ABS
151	Samlyn Capital	New York	United States	7,151	0
152	Altrinsic Global Advisors	Greenwich	United States	7,109	Equity
153	Blue Mountain Capital Management	London	United Kingdom	7,100	Managed Futures
154	The Children's Investment Fund Foundation	London	United Kingdom	7,000	Long/Short
155	Odey Asset Management	London	United Kingdom	6,932	Absolute Returns
156	Coast Asset Management	Santa Monica	United States	6,930	Fund of Funds
157	Redwood Capital Management	Englewood Cliffs	United States	6,927	Credit
158	JP Morgan Alternative Investments	New York	United States	6,905	Multi Strategy
159	Rockwood Capital	San Francisco	United States	6,850	Real Estate
160	Luminus Management	New York	United States	6,825	Long/Short
161	The Carlyle Group	New York	United States	6,800	0
162	Strategic Value Partners	Greenwich	United States	6,761	Distressed Assets
163	Amundi Alternative Investments	Paris	France	6,580	Fund of Funds
164	Indus Capital Partners	New York	United States	6,529	Multi Strategy
165	Alphadyne Asset Management	New York	United States	6,520	Equity
166	Capital Fund Management	New York	United States	6,412	Managed Futures
167	Magnitude Capital	New York	United States	6,313	Fund of Funds
168	Wolverine Asset Management	Chicago	United States	6,282	Arbitrage
169	Paskewitz Asset Management	Edison	United States	6,249	Managed Futures
170	Tennenbaum Capital Partners	Santa Monica	United States	6,243	Multi Strategy
171	Pentwater Capital Management	Evanston	United States	6,228	Global Equity
172	Investec Asset Management	London	United Kingdom	6,210	0
173	Cyrus Capital Partners	Stamford	United States	6,192	Special Situations
174	Omega Advisors	New York	United States	6,106	Global Macro
175	Gramercy	Greenwich	United States	6,095	Multi Strategy
176	Reservoir Capital Group	New York	United States	6,026	Global Macro
177	Haidar Capital Management	New York	United States	6,014	Global Macro
178	Water Street Capital, Inc.	Jacksonville	United States	5,928	0
179	Tourbillon Capital Partners	New York	United States	5,829	Long/Short
180	Convexity Capital Management	Boston	United States	5,829	Multi Strategy
181	Autonomy Capital	New York	United States	5,786	Emerging Markets
182	Partner Fund Management	San Francisco	United States	5,759	0
183	Finisterre Capital	London	United Kingdom	5,646	Fixed Income
184	Axonic Capital LLC	New York	United States	5,574	Long/Short
185	Monarch Alternative Capital	New York	United States	5,543	Fixed Income
186	Stone Milliner Asset Management	London	United Kingdom	5,380	FX
187	Highclere International Investors	London	United Kingdom	5,312	Small Cap
188	Anchor Bolt Capital	Chicago	United States	5,261	Long/Short
189	Lakewood Capital Management	New York	United States	5,206	Value
190	Barings	London	United Kingdom	5,149	Fund of Funds
191	Empyrean Capital Partners	Los Angeles	United States	5,054	Fixed Income
192	Grove Street Advisors	Newton	United States	5,022	Fund of Funds
193	Ashmore Investment Management	London	United Kingdom	4,996	Emerging Markets
194	Sensato Investors	San Francisco	United States	4,985	Long/Short
195	Luxor Capital Group	New York	United States	4,976	0
196	DW Partners	New York	United States	4,963	Credit
197	Cantab Capital Partners	Cambridge	United Kingdom	4,910	Global Macro
198	Entrust Permal	New York	United States	4,897	Fund of Funds
199	Stevens Capital Management	Radnor	United States	4,860	0
200	Alkeon Capital Management	New York	United States	4,819	0
201	Evanston Capital Management	Evanston	United States	4,787	Fund of Funds
202	Highline Capital Management	New York	United States	4,712	Global Macro
203	Value Partners	Hong Kong	Hong Kong	4,681	Asian Equity
204	Overlook Investments Group	Georgetown	Cayman Islands	4,561	0
205	DellaCamera Capital Management	Rye Brook	United States	4,534	Credit
206	Brahman Capital	New York	United States	4,519	Managed Futures
207	Aristeia Capital	Greenwich	United States	4,515	0
208	Harbert Management Corporation	Birmingham	United States	4,507	Emerging Markets
209	Contrarian Capital Management	Greenwich	United States	4,451	Multi Strategy
210	Ivory Investment Management	Los Angeles	United States	4,389	Value
211	Wayzata Investment Partners	Wayzata	United States	4,321	Private Equity
212	Passport Capital	San Francisco	United States	4,296	Long/Short
213	Aurelius Capital Management	New York	United States	4,254	Managed Futures
214	Key Square Capital Management	New York	United States	4,094	Global Macro
215	Ascend Capital	Orinda	United States	4,036	Long/Short
216	Aquila Capital	Hamburg	Germany	3,830	Arbitrage
217	Hitchwood Capital Management	New York	United States	3,822	Equity
218	BTG Pactual	Sao Paulo	Brazil	3,670	Emerging Markets
219	Sprott Asset Management	Toronto	Canada	3,540	Small Cap
220	Owl Creek Asset Management	New York	United States	3,536	Equity
221	Mason Capital Management LLC	New York	United States	3,508	0
222	Symmetry Investments	Hong Kong	Hong Kong	3,500	Credit
223	Credit Suisse Alternatives	Zurich	Switzerland	3,483	Fund of Funds
224	ECM	London	United Kingdom	3,480	Fixed Income
225	Criterion Capital Management	San Francisco	United States	3,374	Long/Short
226	Hoplite Capital Management	New York	United States	3,360	Long/Short
227	LibreMax Capital	New York	United States	3,289	Distressed Assets
228	Aetos Capital	Menlo Park	United States	3,281	Fund of Funds
229	HighVista Strategies	Boston	United States	3,247	Multi Strategy
230	Oceanwood Capital Management	London	United Kingdom	3,238	Credit
231	Prime Capital Management	Hong Kong	Hong Kong	3,214	Long/Short
232	Knighthead Capital Management, LLC	New York	United States	3,183	Long/Short
233	Czech Asset Management LP	Old Greenwich	United States	3,156	Credit
234	Kingdon Capital	New York	United States	3,100	Absolute Return
235	CSOP Asset Management	Hong Kong	Hong Kong	3,094	Credit
236	Providence Investment Management	Providence	United States	3,083	Fixed Income
237	Cadian Capital	New York	United States	2,993	0
238	Kepos Capital LP	New York	United States	2,908	0
239	Guggenheim Capital Markets	New York	United States	2,891	Multi Strategy
240	Metalmark Capital	New York	United States	2,805	Health Care
241	Altimeter Capital	Boston	United States	2,737	0
242	AlphaCat Managers	Pembroke	Bermuda	2,736	Fund of Funds
243	Almanac Realty Investors, LLC	New York	United States	2,705	Real Estate
244	Gates Capital Management	New York	United States	2,694	Event Driven
245	Nokota Management, LP	New York	United States	2,694	Long/Short
246	57 Stars	Washington	United States	2,662	Emerging Markets
247	Astenbeck Capital Management	Southport	United States	2,659	Commodities
248	Apollo Capital	New York	United States	2,635	Managed Futures
249	Cohen & Company	Philadelphia	United States	2,605	Global Equity
250	ABC Arbitrage Asset Management	Paris	France	2,568	Arbitrage