Top 100 Hedge Funds in the US 2020

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

51% of the 100 largest US hedge funds are based in New York City. This is more than 6 times as many as Boston, the US’ second largest home to top 100 hedge funds.

As of Q3, 2020 the United States’ biggest hedge fund management company, and also the largest in the world, 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 United States’ 100 largest hedge funds.

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

AQR Capital Management
Greenwich
United States
248,897
-7.8
Multi Strategy, Managed Futures, Event Driven

Bridgewater Associates
Westport
United States
235,612
0.3
Long/Short, Global Macro

Citadel Investment Group
Chicago
United States
234,680
20.9
Convertibles, Multi Strategy

Millennium Capital Partners
New York
United States
218,000

Multi Strategy

Renaissance Technologies
East Setauket
United States
165,969
26.7
Crypto, Multi Strategy

Alphadyne Asset Management
New York
United States
120,723
37.7
Equity, Managed Futures, Global Macro

Balyasny Asset Management
Chicago
United States
118,425
-25.0
Multi Strategy, Global Equity, Multi Strategy

Fortress Investment Group
New York
United States
110,894
26.4
Private Equity, Global Macro, Special Situations

Goldman Sachs Asset Management
New York
United States
106,240
28.8
Multi Strategy, Fund of Funds

Ares Management
Los Angeles
United States
99,062
17.9
Managed Futures, Fixed Income, Consumer Products

Point72 Asset Management
Stamford
United States
91,332
21.5
0

DE Shaw
New York
United States
82,122
6.5
Absolute Returns

Garda Capital
Minneapolis
United States
78,067
35.7
Global Macro

Tenaron Capital Management
New York
United States
75,646
4.3
Global Macro

III Capital
Boca Raton
United States
73,727
75.9
Credit

Elliott Management
New York
United States
73,511
8.3
Global Equity, Credit, Event Driven

Field Street Capital Management
New York
United States
68,909
-6.3
Credit, Global Macro

Two Sigma Investments
New York
United States
66,143
8.4
Commodities

Cerberus Capital Management
New York
United States
61,348
10.1
Credit, Real Estate, Private Equity

Angelo Gordon & Co.
New York
United States
56,277
23.2
Real Estate, Fixed Income, Managed Futures

Lighthouse Investment Partners
Palm Beach Gardens
United States
56,235
24.3
Fund of Funds, Long/Short, Managed Futures

Element Capital Management
New York
United States
51,768
-5.6
Global Macro, Credit

Och-Ziff Capital Management
New York
United States
45,474
5.6
Global Macro, Convertibles, Distressed Assets

Adage Capital Management
Boston
United States
45,471
7.6
Global Equity

Viking Global Investors
Greenwich
United States
42,123
21.3
Global Macro, Long/Short

Tiger Global Management LLC
New York
United States
41,172
13.3
Crypto

Pine River Capital Management
Minnetonka
United States
40,920
19.8
Multi Strategy, Commodities, Fixed Income

Tudor Investment Corporation
Stamford
United States
38,398
1.0
Crypto, Multi Strategy, Global Macro

Oaktree Capital Management
Los Angeles
United States
38,350
-1.4
Fixed Income, Real Estate, Distressed Assets

Bracebridge Capital
Boston
United States
36,809
38.4
Absolute Returns, Commodities, Credit

MKP Capital Management
New York
United States
35,975
116.7
Multi Strategy, Fixed Income

Davidson Kempner Capital Management
New York
United States
35,867
3.7
Global Equity, Distressed Assets

Moore Capital Management
New York
United States
35,455
3.7
Global Macro, Emerging Markets

Graham Capital Management
Rowayton
United States
34,619
30.5
Global Macro, Commodities, Energy

BlackRock Alternative Advisors
New York
United States
33,250
27.7
Global Macro, Convertibles, Managed Futures

Apollo Capital
New York
United States
32,680
28.4
Managed Futures, Credit

Farallon Capital Management
San Francisco
United States
32,385
-3.7
Multi Strategy, Arbitrage, Real Estate

Select Equity
New York
United States
31,644
35.2
Equity, Long/Short

Lone Pine Capital
Greenwich
United States
30,215
15.6
Long/Short, Emerging Markets

Baupost Group
Boston
United States
30,214
-1.7
Global Equity, Long/Short, Value

Kayne Anderson Capital Advisors
Los Angeles
United States
29,812
18.9
Private Equity, Multi Strategy

Pharo Management
New York
United States
28,411
30.3
Global Macro, Emerging Markets

Anchorage Capital Group
New York
United States
28,296
-5.0
Credit, Event Driven, Long/Short

GoldenTree Asset Management
New York
United States
28,037
5.0
Credit, Absolute Returns, Real Estate

Wellington Management Company LLP
Boston
United States
27,210
16.3
Multi Strategy, Commodities

Capstone Investment Advisors LLC
New York
United States
26,990

Derivatives, Global Equity

Brigade Capital Management
New York
United States
26,756
32.3
Managed Futures, Distressed Assets, Long/Short

Coatue Management
New York
United States
25,781
22.8
0

King Street Capital Management
New York
United States
24,505
-6.0
Global Macro, FX, Long/Short

HBK Capital Management
Dallas
United States
23,028
-22.6
Multi Strategy

Magnetar Capital
Evanston
United States
22,958
-3.2
Multi Strategy, Managed Futures, Event Driven

Caxton Associates
New York
United States
22,612
27.5
Global Macro

Centerbridge Partners LP
New York
United States
21,711
-1.5
Multi Strategy, Distressed Assets, Managed Futures

Marathon Asset Management
New York
United States
21,258
13.7
Credit, Emerging Markets, Distressed Assets

Third Point LLC
New York
United States
21,089
9.4
Event Driven, Activist

Canyon Partners
Los Angeles
United States
20,995
-1.7
Multi Strategy, Convertibles, Managed Futures

Varde Partners
Minneapolis
United States
20,980
10.5
Distressed Assets, Event Driven, Credit

Benefit Street Partners
New York
United States
20,633
-10.4
Credit

York Capital Management
New York
United States
20,609
0.7
Event Driven

Nephila Capital
Larkspur
United States
19,793
24.7
Insurance, Commodities

Arrowstreet Capital
Boston
United States
19,600
21.9
Emerging Markets, 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
7.9
Emerging Markets, Global Macro, Energy

UBS Hedge Fund Solutions
Stamford
United States
18,707
-3.1
Equity

Haidar Capital Management
New York
United States
18,543
56.7
Global Macro, Multi Strategy, Long/Short

MJX Asset Management
New York
United States
16,056
6.0
CDO, Credit

Wafra Investment Group
New York
United States
16,035
10.0
Multi Strategy

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

KLS Diversified
New York
United States
15,892
-8.9
Fixed Income, Commodities

Horsley Bridge Partners
San Francisco
United States
15,812
11.8
Private Equity, Fund of Funds

CarVal Investors
Minneapolis
United States
15,734
-1.8
Fixed Income, Real Estate

Crestline Investors
Fort Worth
United States
15,318
20.4
Fund of Funds, Event Driven

OrbiMed Advisors
New York
United States
14,911
0.1
Private Equity

BlueMountain Capital
New York
United States
14,807
-51.4
Long/Short, Credit

Bayview Asset Management
Coral Gables
United States
14,700
12.5
Credit

LaSalle Investment Management
Chicago
United States
14,321
-3.1
Real Estate

Lazard Alternatives
New York
United States
14,120
11.1
Multi Strategy, Real Estate, Long/Short

Eminence Capital
New York
United States
14,034
66.3
Activist

Beach Point Capital Management
Santa Monica
United States
13,785
10.6
Multi Strategy, Credit

Silver Point Capital
Greenwich
United States
13,571
2.0
Multi Strategy, Distressed Assets, Credit

EJF Asset Management
Arlington
United States
13,485
1.4
Event Driven, ABS

Ellington Management Group
Old Greenwich
United States
13,379
24.1
ABS, Credit

Tilden Park Capital Management
New York
United States
13,313
-29.1
Multi Strategy, Credit

Carlson Alternative Advisors
Dallas
United States
12,910
-19.3
Private Equity, Multi Strategy, Managed Futures

Rockpoint Group
Boston
United States
12,880
25.5
Real Estate

Maverick Capital
Dallas
United States
12,605
-6.6
Global Macro, Multi Strategy, Long/Short

Steadfast Financial LP
New York
United States
12,550
38.5
Long/Short

Waterfall Asset Management
New York
United States
12,430
39.0
MBS, Credit

Perella Weinberg Partners
New York
United States
12,420
-19.5
Event Driven

ValueAct Capital
San Francisco
United States
12,343
-11.5
Long/Short, Activist

Paloma Partners
Greenwich
United States
12,212
29.0
Multi Strategy

Metacapital Management LP
New York
United States
11,892
97.8
Fixed Income, MBS

PDT Partners
New York
United States
11,549
0.2
Quantitative

Trian Fund Management LP
New York
United States
11,313
19.3
0

Parallax Fund
San Francisco
United States
11,205
-17.3
Multi Strategy

Alkeon Capital Management
New York
United States
11,058
58.6
0

K2 Advisors
Stamford
United States
10,769
5.9
Fund of Funds

Paulson & Co.
New York
United States
10,689
24.7
Multi Strategy, Event Drive, Arbitrage

Paskewitz Asset Management
Edison
United States
10,654
1.5
Managed Futures

Alyeska Investment Group
Chicago
United States
10,422
7.6
Managed Futures

ArcLight Capital Partners
Boston
United States
10,401
-0.3
Energy

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