Top 100 Global Hedge Funds 2020

Below is a list of the top 100 largest hedge funds in the world, ranked by assets under management (AUM) for 2020.

Nearly 75% of the largest hedge fund companies by AUM are based in the United States. The UK is also home to a signficant number of the top hedge fund managers.

As of Q3, 2020 the world’s biggest hedge fund management company is AQR Capital Management, with nearly $250 billion USD in assets under management as of September 1, 2020. Global macro hedge funds are the mostly highly represented strategy among the world’s 100 largest hedge funds.

Firm Name City Country AUM($Millions) 12 mo. Change in AUM Strategies

AQR Capital Management
Greenwich
United States
248,897
-0.1
Multi Strategy, Managed Futures, Event Driven

Bridgewater Associates
Westport
United States
235,612
0.0
Long/Short, Global Macro

Citadel Investment Group
Chicago
United States
234,679
0.2
Convertibles, Multi Strategy

Millennium Capital Partners
New York
United States
218,000

Multi Strategy

Renaissance Technologies
East Setauket
United States
165,968
0.3
Crypto, Multi Strategy

Alphadyne Asset Management
New York
United States
120,723
0.4
Equity, Managed Futures, Global Macro

Balyasny Asset Management
Chicago
United States
118,425
-0.2
Multi Strategy, Global Equity, Multi Strategy

Fortress Investment Group
New York
United States
110,894
0.3
Private Equity, Global Macro, Special Situations

Goldman Sachs Asset Management
New York
United States
106,240
0.3
Multi Strategy, Fund of Funds

Capula Investment Management LLP
London
United Kingdom
105,951
0.4
Absolute Returns, Credit

Ares Management
Los Angeles
United States
99,062
0.2
Managed Futures, Fixed Income, Consumer Products

Point72 Asset Management
Stamford
United States
91,332
0.2
0

DE Shaw
New York
United States
82,122
0.1
Absolute Returns

Garda Capital
Minneapolis
United States
78,067
0.4
Global Macro

Tenaron Capital Management
New York
United States
75,646
0.0
Global Macro

III Capital
Boca Raton
United States
73,727
0.8
Credit

Elliott Management
New York
United States
73,511
0.1
Global Equity, Credit, Event Driven

Field Street Capital Management
New York
United States
68,908
-0.1
Credit, Global Macro

Two Sigma Investments
New York
United States
66,143
0.1
Commodities

Cerberus Capital Management
New York
United States
61,347
0.1
Credit, Real Estate, Private Equity

Brevan Howard Asset Management
London
United Kingdom
58,630
2.9
Global Macro, Commodities

Angelo Gordon & Co.
New York
United States
56,276
0.2
Real Estate, Fixed Income, Managed Futures

Lighthouse Investment Partners
Palm Beach Gardens
United States
56,235
0.2
Fund of Funds, Long/Short, Managed Futures

Element Capital Management
New York
United States
51,768
-0.1
Global Macro, Credit

Lyxor Asset Management
Paris
France
47,737
0.2
Convertibles, Long/Short, Distressed Assets

Och-Ziff Capital Management
New York
United States
45,473
0.1
Global Macro, Convertibles, Distressed Assets

Adage Capital Management
Boston
United States
45,471
0.1
Global Equity

Viking Global Investors
Greenwich
United States
42,123
0.2
Global Macro, Long/Short

Tiger Global Management LLC
New York
United States
41,172
0.1
Crypto

Pine River Capital Management
Minnetonka
United States
40,920
0.2
Multi Strategy, Commodities, Fixed Income

Tudor Investment Corporation
Stamford
United States
38,397
0.0
Crypto, Multi Strategy, Global Macro

Oaktree Capital Management
Los Angeles
United States
38,350
0.0
Fixed Income, Real Estate, Distressed Assets

Bracebridge Capital
Boston
United States
36,808
0.4
Absolute Returns, Commodities, Credit

Symmetry Investments
Hong Kong
Hong Kong
36,435

Credit

MKP Capital Management
New York
United States
35,974
1.2
Multi Strategy, Fixed Income

Davidson Kempner Capital Management
New York
United States
35,867
0.0
Global Equity, Distressed Assets

Moore Capital Management
New York
United States
35,454
0.0
Global Macro, Emerging Markets

Hillhouse Capital
Hong Kong
Hong Kong
35,133
0.2
Emerging Markets

Graham Capital Management
Rowayton
United States
34,618
0.3
Global Macro, Commodities, Energy

BlackRock Alternative Advisors
New York
United States
33,250
0.3
Global Macro, Convertibles, Managed Futures

Apollo Capital
New York
United States
32,680
0.3
Managed Futures, Credit

Farallon Capital Management
San Francisco
United States
32,384
0.0
Multi Strategy, Arbitrage, Real Estate

Lansdowne Partners
London
United Kingdom
31,740
0.0
Absolute Returns, Global Macro, Long/Short

Pictet Alternative Investments
Geneva
Switzerland
31,715
0.0
Fund of Funds

Select Equity
New York
United States
31,643
0.4
Equity, Long/Short

Lone Pine Capital
Greenwich
United States
30,214
0.2
Long/Short, Emerging Markets

Baupost Group
Boston
United States
30,214
0.0
Global Equity, Long/Short, Value

GAM Fund Management
Hong Kong
Hong Kong
30,040
-0.1
Fund of Funds

Kayne Anderson Capital Advisors
Los Angeles
United States
29,811
0.2
Private Equity, Multi Strategy

Pharo Management
New York
United States
28,411
0.3
Global Macro, Emerging Markets

Anchorage Capital Group
New York
United States
28,296
-0.1
Credit, Event Driven, Long/Short

BTG Pactual
Sao Paulo
Brazil
28,210
0.1
Emerging Markets

GSA Capital
London
United Kingdom
28,157
-0.4
0

GoldenTree Asset Management
New York
United States
28,036
0.1
Credit, Absolute Returns, Real Estate

Wellington Management Company LLP
Boston
United States
27,210
0.2
Multi Strategy, Commodities

Capstone Investment Advisors LLC
New York
United States
26,990

Derivatives, Global Equity

Brigade Capital Management
New York
United States
26,755
0.3
Managed Futures, Distressed Assets, Long/Short

Coatue Management
New York
United States
25,781
0.2
0

King Street Capital Management
New York
United States
24,504
-0.1
Global Macro, FX, Long/Short

Cheyne Capital
London
United Kingdom
23,302
0.0
Real Estate, Fixed Income, Long/Short

HBK Capital Management
Dallas
United States
23,027
-0.2
Multi Strategy

Magnetar Capital
Evanston
United States
22,958
0.0
Multi Strategy, Managed Futures, Event Driven

Lindsell Train Limited
London
United Kingdom
22,656
-0.1
Fixed Income, Asian Equity, Global Macro

Caxton Associates
New York
United States
22,611
0.3
Global Macro

Alcentra
London
United Kingdom
22,356
0.4
Distressed Assets

Centerbridge Partners LP
New York
United States
21,711
0.0
Multi Strategy, Distressed Assets, Managed Futures

Marathon Asset Management
New York
United States
21,258
0.1
Credit, Emerging Markets, Distressed Assets

Third Point LLC
New York
United States
21,089
0.1
Event Driven, Activist

Canyon Partners
Los Angeles
United States
20,994
0.0
Multi Strategy, Convertibles, Managed Futures

Varde Partners
Minneapolis
United States
20,980
0.1
Distressed Assets, Event Driven, Credit

Benefit Street Partners
New York
United States
20,632
-0.1
Credit

York Capital Management
New York
United States
20,608
0.0
Event Driven

Egerton Capital
London
United Kingdom
20,232
-0.1
Long/Short

Nephila Capital
Larkspur
United States
19,793
0.2
Insurance, Commodities

Arrowstreet Capital
Boston
United States
19,600
0.2
Emerging Markets, Long/Short

Winton Capital Management
London
United Kingdom
19,243
0.0
Managed Futures, Absolute Returns, Long/Short

Appaloosa Management
Short Hills
United States
19,100
0.0
Global Equity, Fixed Income, Distressed Assets

Grantham, Mayo, Van Otterloo & Co.
Boston
United States
18,960
0.1
Emerging Markets, Global Macro, Energy

Marshall Wace
London
United Kingdom
18,854
-0.1
Global Macro, Multi Strategy

UBS Hedge Fund Solutions
Stamford
United States
18,706
0.0
Equity

Haidar Capital Management
New York
United States
18,543
0.6
Global Macro, Multi Strategy, Long/Short

Polar Capital Partners
London
United Kingdom
16,752
-0.1
Long/Short, Convertibles

Platinum Asset Management
Sydney
Australia
16,431
-0.1
Equity

MJX Asset Management
New York
United States
16,056
0.1
CDO, Credit

Wafra Investment Group
New York
United States
16,035
0.1
Multi Strategy

Neuberger Berman
New York
United States
15,900
0.0
Fund of Funds

KLS Diversified
New York
United States
15,891
-0.1
Fixed Income, Commodities

Algebris Investments
London
United Kingdom
15,864
0.4
Credit, UCITS, Emerging Markets

Horsley Bridge Partners
San Francisco
United States
15,811
0.1
Private Equity, Fund of Funds

CarVal Investors
Minneapolis
United States
15,734
0.0
Fixed Income, Real Estate

Danske Capital
Copenhagen
Denmark
15,500

European Equity, Fixed Income, Global Macro

LMR Partners
London
United Kingdom
15,350

Global Macro, Event Driven

Crestline Investors
Fort Worth
United States
15,317
0.2
Fund of Funds, Event Driven

OrbiMed Advisors
New York
United States
14,910
0.0
Private Equity

BlueMountain Capital
New York
United States
14,806
-0.5
Long/Short, Credit

Bayview Asset Management
Coral Gables
United States
14,700
0.1
Credit

Man Group
London
United Kingdom
14,657
1.0
Global Macro, Convertibles, Crypto

Aviva Investors
London
United Kingdom
14,553
0.9
Convertibles, Multi Strategy, Global Equity

LaSalle Investment Management
Chicago
United States
14,321
0.0
Real Estate

Brummer and Partners
Stockholm
Sweden
14,200

Long/Short, Multi Strategy, Global Macro

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