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