Top 100 Global Hedge Funds for 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 $250 billion USD in assets under management as of September 1, 2020. Global macro hedge funds are the mostly highly represented strategy among the world’s 100 largest hedge funds.
Top 100 Hedge Funds 2020
Firm Name City Country AUM($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