Top 25 Event Driven Hedge Funds 2021
2021 Top 25 Largest Event Driven Hedge Funds Overview
The 25 largest event-driven/distressed asset hedge funds manage $599 billion in assets as of early 2021. 96% of the top event-driven hedge funds are based in the United States. 60% of the largest event driven funds are based in New York.
With $111 billion in AUM, Fortress Investment Group is the largest event-driven hedge fund manager in 2021. Elliot Management and Gramercy rank two and three, respectively, among the biggest event driven/distressed asset hedge funds.
Event driven hedge funds, also known as special situation or distressed asset funds, invest based on potential pricing inefficiances that exist around corporate events (mergers, earnings, etc.). Event driven funds use a number of financial instruments including futures, options, debt, and equity.
The below list of top event driven hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in this strategy.
Top 25 Event Driven Hedge Funds 2021
List of the 25 biggest distressed/event-driven hedge funds for 2021 ranked by assets under management (AUM)
Rank Fund Name City Country AUM Other Strategies 1.0 Fortress Investment Group New York United States 110,894.2 Private Equity, Global Macro, Special Situations 2.0 Elliott Management New York United States 73,511.3 Global Equity, Credit, Event Driven, Commodities 3.0 Gramercy Greenwich United States 61,347.7 Multi Strategy, Emerging Markets, Distressed Assets 4.0 Oaktree Capital Management Los Angeles United States 38,350.0 Fixed Income, Real Estate, Distressed Assets 5.0 Anchorage Capital Group New York United States 28,296.1 Credit, Event Driven, Long/Short 6.0 Brigade Capital Management New York United States 26,756.0 Managed Futures, Distressed Assets, Long/Short, Credit 7.0 King Street Capital Management New York United States 24,504.6 Global Macro, FX, Long/Short, Distressed Assets 8.0 Magnetar Capital Evanston United States 22,958.1 Multi Strategy, Managed Futures, Event Driven, Credit 9.0 Centerbridge Partners LP New York United States 21,711.4 Multi Strategy, Distressed Assets, Managed Futures, Credit 10.0 Varde Partners Minneapolis United States 20,980.3 Distressed Assets, Event Driven, Credit 11.0 Appaloosa Management Short Hills United States 19,100.0 Global Equity, Fixed Income, Distressed Assets 12.0 Knighthead Capital Management, LLC New York United States 17,719.1 Long/Short, Credit, Event Driven 13.0 Litespeed Management New York United States 16,417.6 Fixed Income, Distressed Assets 14.0 LMR Partners London United Kingdom 15,350.0 Global Macro, Event Driven 15.0 Silver Point Capital Greenwich United States 13,571.3 Multi Strategy, Distressed Assets, Credit 16.0 EJF Asset Management Arlington United States 13,484.7 Event Driven, ABS 17.0 Davidson Kempner Capital Management New York United States 10,369.8 Global Equity, Distressed Assets 18.0 Hildene Capital Management Stamford United States 9,828.0 Distressed Assets, Credit 19.0 Harbinger Capital Partners New York United States 9,217.3 Event Driven, Distressed Assets 20.0 Bardin Hill Investment Partners New York United States 9,198.6 Multi Strategy, Special Situations, Distressed Assets 21.0 Oak Hill Advisors New York United States 7,580.0 Credit, Distressed Assets 22.0 HG Vora Capital Management New York United States 7,563.5 Event Driven 23.0 Amber Capital Investment Management New York United States 7,414.7 Managed Futures, Event Driven 24.0 Jana Partners New York United States 7,390.3 Event Driven, Long/Short 25.0 Pentwater Capital Management Evanston United States 5,728.2 Global Equity, Fixed Income, Event Driven
Want more details on more than 280 event-driven hedge funds?
Download the Event Driven Hedge Funds List in Excel format with 35 columns of information on each fund.Key Stats on Top 25 Event Driven Hedge Funds – 2021
24 of the top 25 event driven hedge fund managers are based in the United States 1 of the top 25 special situations hedge funds for 2021 is based in Europe 15 of the 25 largest event driven funds for 2021 are based in New YorkThe top 25 event driven hedge fund companies have $599.2 billion USD in assets under management (AUM)
The average AUM of the top 25 distressed asset / event driven funds for 2021 is $24.0 billion USD
The median AUM of the top 25 hedge funds for 2021 is $16.4 billion USD
Get the full list of all event-driven hedge funds in Excel format
The Event Driven Hedge Fund List has 35 categories of detailed information on all the funds above plus 250 additional event-driven/special situations hedge 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 Distressed/Event-Driven Hedge Fund List
