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Top 25 Commodity Hedge Funds 2021

2021 Top 25 Largest Commodity Hedge Funds Overview

The 25 largest commodity hedge funds manage $732 billion in assets as of early 2021. 88% of the top commodity hedge funds are based in the United States. 40% of the largest commodity funds are based in New York.

With $99 billion in AUM, Ares Management is the largest commodity hedge fund manager in 2021. Graham Capital Management and Lighthouse Investment Partners rank two and three, respectively, among the biggest commodity hedge funds.

Commodity hedge funds invest in a variety of different commodity products from food and agriculture to oil and gas as well as precious metals. Commodity funds use a number of financial instruments including futures, options, debt, and equity.

The below list of top commodity hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in commodities.

Top 25 Commodity Hedge Funds 2021

List of the 25 biggest commodity hedge funds for 2021 ranked by assets under management (AUM)

Rank Fund Name City Country AUM Other Strategies
1.0 Ares Management Los Angeles United States 99,062.0 Managed Futures, Fixed Income, Consumer Products
2.0 Elliott Management New York United States 73,511.3 Global Equity, Credit, Event Driven, Commodities
3.0 Brevan Howard Asset Management London United Kingdom 58,630.0 Global Macro, Commodities
4.0 Angelo Gordon & Co. New York United States 56,276.9 Real Estate, Fixed Income, Managed Futures, Multi Strategy
5.0 Lighthouse Investment Partners Palm Beach Gardens United States 45,574.5 Fund of Funds, Long/Short, Managed Futures
6.0 Bracebridge Capital Boston United States 36,808.8 Absolute Returns, Commodities, Credit
7.0 Graham Capital Management Rowayton United States 34,619.0 Global Macro, Commodities, Energy
8.0 BlackRock Alternative Advisors New York United States 33,250.0 Global Macro, Convertibles, Managed Futures
9.0 Apollo Capital New York United States 32,680.0 Managed Futures, Credit
10.0 Wellington Management Company LLP Boston United States 27,210.0 Multi Strategy, Commodities
11.0 Brigade Capital Management New York United States 26,756.0 Managed Futures, Distressed Assets, Long/Short, Credit
12.0 King Street Capital Management New York United States 24,504.6 Global Macro, FX, Long/Short, Distressed Assets
13.0 Magnetar Capital Evanston United States 22,958.1 Multi Strategy, Managed Futures, Event Driven, Credit
14.0 Centerbridge Partners LP New York United States 21,711.4 Multi Strategy, Distressed Assets, Managed Futures, Credit
15.0 Nephila Capital Larkspur United States 19,793.2 Insurance, Commodities
16.0 Grantham, Mayo, Van Otterloo & Co. Boston United States 18,960.0 Emerging Markets, Global Macro, Energy
17.0 KLS Diversified New York United States 15,891.6 Fixed Income, Commodities
18.0 Brummer and Partners Stockholm Sweden 14,200.0 Long/Short, Multi Strategy, Global Macro, Managed Futures
19.0 Alphadyne Asset Management New York United States 11,313.3 Equity, Managed Futures, Global Macro
20.0 Aquila Capital Hamburg Germany 10,824.4 Arbitrage, Energy
21.0 Paskewitz Asset Management Edison United States 10,653.8 Managed Futures
22.0 Abrams Capital Boston United States 10,071.4 Managed Futures, Opportunistic
23.0 Alyeska Investment Group Chicago United States 9,751.2 Managed Futures
24.0 BlueCrest Capital Management London United Kingdom 9,000.0 Multi Strategy, Managed Futures, Emerging Markets, Global Macro
25.0 PointState Capital New York United States 8,128.3 Energy, Global Macro

Key Stats on Top 25 Commodity Hedge Funds – 2021

Top commodity hedge funds 202122 of the top 25 commodity hedge fund managers are based in the United States Top hedge funds investing in commodities 20213 of the top 25 commodity hedge funds for 2021 are based in Europe largest commodity hedge funds in NY10 of the 25 largest commodity funds for 2021 are based in New York

top commodity hedge funds 2021 AUMThe top 25 commodity hedge fund companies have $732.1 billion USD in assets under management (AUM)

top 25 hedge funds commodities average AUMThe average AUM of the top 25 commodity funds for 2021 is $29.3 billion USD

largest hedge funds median AUMThe median AUM of the top 25 commodity hedge funds for 2021 is $22.9 billion USD

Get the full list of all commodity hedge funds in Excel format

Commodity Hedge Funds ListThe Commodity Hedge Fund List has 35 categories of detailed information on all the funds above plus nearly 600 additional commodity funds. Everything from website to emails to senior staff, hiring status, number of clients and more is included. And it’s delivered in Excel format for easy use with any spreadsheet program or contact management system.

View full details of the Commodity Hedge Fund List

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