The 10 largest Hedge Funds in Australia manage approximately $44.3 billion in combined assets as of 2026, down 6.1% from 2025.
Macquarie leads the rankings at $14B in AUM, based in Sydney. Antipodes Partners Limited ranks second at $9B, followed by Ellerston Capital at $5B.
Sydney is the most represented location with 80% of the top 10 funds.
| Rank | Δ | Fund Name | City | AUM ($M) | Strategy |
|---|---|---|---|---|---|
| 1 | — | Macquarie | Sydney | 13,850.4 | Commodities |
| 2 | ▴5 | Antipodes Partners Limited | Sydney | 9,410.0 | |
| 3 | ▴1 | Ellerston Capital | Sydney | 5,120.0 | Absolute Return |
| 4 | ▾2 | Platinum Asset Management | Sydney | 4,663.6 | |
| 5 | — | Dalton Street Capital | Sydney | 3,268.0 | Absolute Return |
| 6 | — | Coolabah Capital Institutional Investments Pty Limited | Sydney | 3,233.0 | Fixed Income |
| 7 | ▴1 | Ironbark Asset Management | Sydney | 2,150.0 | Fixed Income |
| 8 | ▴1 | L1 Capital | Melbourne | 1,124.0 | Global Macro |
| 9 | ▴1 | VGI Partners Limited | Sydney | 868.1 | |
| 10 | ▾7 | Ardea Investment Management | Sydney, Nsw | 636.1 | Fixed Income |
| Fund | $ Change | % Change |
| Antipodes Partners Limited | +$6.9B | +276.4% |
| Macquarie | +$1.0B | +7.4% |
| Ellerston Capital | +$0.0B | +0.0% |
| Dalton Street Capital | +$0.0B | +0.0% |
| Coolabah Capital Institutional Investments Pty Limited | +$0.0B | +0.0% |
| Antipodes Partners Limited | +276.4% |
| Macquarie | +7.4% |
| Strategy | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| Fixed Income | 3 | 3 | 3 | — |
| Global Macro | 0 | 3 | 3 | — |
| Long/Short | 1 | 3 | 3 | — |
| Absolute Return | 0 | 2 | 2 | — |
| Fund of Funds | 0 | 2 | 2 | — |
| Commodities | 0 | 1 | 1 | — |
| Distressed | 1 | 1 | 1 | — |
| Multi Strategy | 0 | 1 | 1 | — |
| Real Estate | 0 | 1 | 1 | — |
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