Top 20 Largest Emerging Markets Hedge Funds – 2023
The 20 largest emerging market hedge funds manage $293.7 billion in assets as of 2023.
Hillhouse Capital, with over $70 billion USD in assets is world’s largest emerging market hedge fund. Lone Pine Capital and Moore Capital Management, with $35 billion and $28 billion in AUM respectively, rank second and third among the biggest emerging markets hedge funds.
Sixty percent of the world’s largest emering market hedge funds are based in the United States.
What are emerging market hedge funds?
An emerging market hedge fund is a type of hedge fund that invests in the securities of companies located in emerging markets. Emerging markets are countries with developing economies that have the potential for rapid growth. Emerging market hedge funds use a variety of strategies to generate returns, including long/short equity, relative value, and event-driven investing.
Top 20 Largest Emerging Markets Hedge Funds – 2023
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Fund Name | City | Country | AUM | Strategy |
|---|---|---|---|---|---|
| 1 | Hillhouse Capital | Hong Kong | Hong Kong | $70,707 | Emerging Markets |
| 2 | Lone Pine Capital | Greenwich | United States | $35,538 | Long/Short, Emerging Markets |
| 3 | Moore Capital Management | New York | United States | $27,738 | Global Macro, Emerging Markets |
| 4 | Marathon Asset Management | New York | United States | $26,228 | Credit, Emerging Markets, Distressed Assets |
| 5 | BTG Pactual | Sao Paulo | Brazil | $20,617 | Emerging Markets |
| 6 | Arrowstreet Capital | Boston | United States | $19,600 | Emerging Markets, Long/Short |
| 7 | Grantham, Mayo, Van Otterloo & Co. | Boston | United States | $18,960 | Emerging Markets, Global Macro, Energy |
| 8 | Pharo Management | New York | United States | $16,368 | Global Macro, Emerging Markets |
| 9 | CSOP Asset Management | Hong Kong | Hong Kong | $9,195 | Credit, Emerging Markets |
| 10 | Asia Frontier Capital | Hong Kong | Hong Kong | $8,633 | Emerging Markets |
| 11 | Harbert Management Corporation | Birmingham | United States | $7,659 | Emerging Markets, Commodities |
| 12 | Kopernik Global Investors | Tampa | United States | $6,230 | Emerging Markets |
| 13 | Gramercy | Greenwich | United States | $5,972 | Multi Strategy, Emerging Markets, Distressed Assets |
| 14 | 57 Stars | Washington | United States | $4,495 | Emerging Markets |
| 15 | Discovery Capital Management | Norwalk | United States | $3,746 | Equity, Emerging Markets, Global Macro |
| 16 | Ashmore Investment Management | London | United Kingdom | $3,008 | Emerging Markets, Multi Strategy, Fixed Income |
| 17 | Arisaig Partners | Singapore | Singapore | $2,329 | Emerging Markets, ESG |
| 18 | RAM Active Investments S.A. | Geneva | Switzerland | $2,300 | Emerging Markets, Long/Short, Credit |
| 19 | Autonomy Capital | New York | United States | $2,216 | Emerging Markets, Global Macro |
| 20 | Autonomy Capital | George Town | Cayman Islands | $2,216 | Emerging Markets, Multi Strategy |
Key Statistics
- The 20 largest emerging market hedge funds manage $293.7 billion in assets as of 2023.
- Hillhouse Capital, with over $70 billion USD in assets is world’s largest emerging market hedge fund. Lone Pine Capital and Moore Capital Management, with $35 billion and $28 billion in AUM respectively, rank second and third among the biggest emerging markets hedge funds.
- 3 of the top 20 emerging markets hedge funds for 2023 are based in Hong Kong
- 1 of the 20 largest hedge funds for 2023 is based in the United Kingdom
- The average AUM of the top 20 emerging market hedge funds for 2023 is $14.7 billion USD
- The median AUM of the top 20 hedge funds for 2023 is $8.1 billion USD
- The average number of employees at the top emerging market hedge funds is 13
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