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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