Top 25 Credit Hedge Funds 2021
2021 Top 25 Largest Credit Hedge Funds Overview
The 25 largest credit and fixed income hedge funds manage $960 billion in assets as of early 2021. 88% of the top credit hedge funds are based in the United States. 52% of the largest fixed income hedge funds are based in New York.
With $105 billion in AUM, Capula Investment Management is the largest credit hedge fund manager in 2021. Ares Management and Elliott Management rank two and three, respectively, among the biggest credit hedge funds.
Credit hedge funds tend to be among the largest hedge funds based on investment strategy/style. Credit funds invest in a variety of debt instruments including corporate and sovereign bonds. They may also invest in various derivatives related to credit instruments including swaps and options.
The below list of top fixed income hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in credit securities and related.
This data is from 2021. View the Top 50 Credit Hedge Funds 2023
Top 25 Credit Hedge Funds 2021
List of the 25 biggest fixed income hedge funds for 2021 ranked by assets under management (AUM)
Rank Fund Name City Country AUM Other Strategies
1.0
Capula Investment Management LLP
London
United Kingdom
105,951.6
Absolute Returns, Credit
2.0
Ares Management
Los Angeles
United States
99,062.0
Managed Futures, Fixed Income, Consumer Products
3.0
Elliott Management
New York
United States
73,511.3
Global Equity, Credit, Event Driven, Commodities
4.0
Structured Portfolio Management
Stamford
United States
64,740.6
ABS, Fixed Income
5.0
Gramercy
Greenwich
United States
61,347.7
Multi Strategy, Emerging Markets, Distressed Assets
6.0
Cerberus Capital Management
New York
United States
61,347.7
Credit, Real Estate, Private Equity
7.0
Angelo Gordon & Co.
New York
United States
56,276.9
Real Estate, Fixed Income, Managed Futures, Multi Strategy
8.0
Oaktree Capital Management
Los Angeles
United States
38,350.0
Fixed Income, Real Estate, Distressed Assets
9.0
Bracebridge Capital
Boston
United States
36,808.8
Absolute Returns, Commodities, Credit
10.0
Symmetry Investments
Hong Kong
Hong Kong
36,435.0
Credit
11.0
Apollo Capital
New York
United States
32,680.0
Managed Futures, Credit
12.0
Anchorage Capital Group
New York
United States
28,296.1
Credit, Event Driven, Long/Short
13.0
Brigade Capital Management
New York
United States
26,756.0
Managed Futures, Distressed Assets, Long/Short, Credit
14.0
King Street Capital Management
New York
United States
24,504.6
Global Macro, FX, Long/Short, Distressed Assets
15.0
Magnetar Capital
Evanston
United States
22,958.1
Multi Strategy, Managed Futures, Event Driven, Credit
16.0
Centerbridge Partners LP
New York
United States
21,711.4
Multi Strategy, Distressed Assets, Managed Futures, Credit
17.0
Arrowgrass Capital Partners
London
United Kingdom
21,208.4
Convertibles, Multi Strategy, Credit
18.0
Saba Capital
New York
United States
21,208.4
Credit
19.0
Varde Partners
Minneapolis
United States
20,980.3
Distressed Assets, Event Driven, Credit
20.0
MJX Asset Management
New York
United States
20,980.3
CDO, Credit
21.0
Appaloosa Management
Short Hills
United States
19,100.0
Global Equity, Fixed Income, Distressed Assets
22.0
Knighthead Capital Management, LLC
New York
United States
17,719.1
Long/Short, Credit, Event Driven
23.0
Litespeed Management
New York
United States
16,417.6
Fixed Income, Distressed Assets
24.0
KLS Diversified
New York
United States
15,891.6
Fixed Income, Commodities
25.0
CarVal Investors
Minneapolis
United States
15,734.0
Fixed Income, Real Estate
Want more details on more than 750 credit hedge fund managers?
Download the Credit Hedge Funds List in Excel format with 35 columns of information on each fund.
Key Stats on Top 25 Credit Hedge Funds – 2021
22 of the top 25 credit hedge fund managers are based in the United States
2 of the top 25 credit hedge funds for 2021 are based in the UK
1 of the 25 largest fixed income funds for 2021 is based in Hong Kong
The top 25 credit hedge fund companies have $960.0 billion USD in assets under management (AUM)
The average AUM of the top 25 cfixed income funds for 2021 is $39.4 billion USD
The median AUM of the top 25 credit hedge funds for 2021 is $26.8 billion USD
Get the full list of all credit hedge funds in Excel format
The Credit/Fixed Income Hedge Fund List has 35 categories of detailed information on all the funds above plus nearly 700 additional credit 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 Credit/Fixed Income Hedge Fund List
