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 ListOther Hedge Fund Info
Top 250 Global Hedge Funds 2021
Top 25 Commodity Hedge Funds 2021
Top 25 Emerging Market Hedge Funds 2021
Top 25 Credit Hedge Funds 2021
Top 25 Fund of Hedge Funds 2021
Top 25 Global Macro Hedge Funds 2021
Top 25 Long/Short Hedge Funds 2021
