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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)

RankFund NameCityCountryAUMOther Strategies
1.0Fortress Investment GroupNew YorkUnited States110,894.2Private Equity, Global Macro, Special Situations
2.0Elliott ManagementNew YorkUnited States73,511.3Global Equity, Credit, Event Driven, Commodities
3.0GramercyGreenwichUnited States61,347.7Multi Strategy, Emerging Markets, Distressed Assets
4.0Oaktree Capital ManagementLos AngelesUnited States38,350.0Fixed Income, Real Estate, Distressed Assets
5.0Anchorage Capital GroupNew YorkUnited States28,296.1Credit, Event Driven, Long/Short
6.0Brigade Capital ManagementNew YorkUnited States26,756.0Managed Futures, Distressed Assets, Long/Short, Credit
7.0King Street Capital ManagementNew YorkUnited States24,504.6Global Macro, FX, Long/Short, Distressed Assets
8.0Magnetar CapitalEvanstonUnited States22,958.1Multi Strategy, Managed Futures, Event Driven, Credit
9.0Centerbridge Partners LPNew YorkUnited States21,711.4Multi Strategy, Distressed Assets, Managed Futures, Credit
10.0Varde PartnersMinneapolisUnited States20,980.3Distressed Assets, Event Driven, Credit
11.0Appaloosa ManagementShort HillsUnited States19,100.0Global Equity, Fixed Income, Distressed Assets
12.0Knighthead Capital Management, LLCNew YorkUnited States17,719.1Long/Short, Credit, Event Driven
13.0Litespeed ManagementNew YorkUnited States16,417.6Fixed Income, Distressed Assets
14.0LMR PartnersLondonUnited Kingdom15,350.0Global Macro, Event Driven
15.0Silver Point CapitalGreenwichUnited States13,571.3Multi Strategy, Distressed Assets, Credit
16.0EJF Asset ManagementArlingtonUnited States13,484.7Event Driven, ABS
17.0Davidson Kempner Capital ManagementNew YorkUnited States10,369.8Global Equity, Distressed Assets
18.0Hildene Capital ManagementStamfordUnited States9,828.0Distressed Assets, Credit
19.0Harbinger Capital PartnersNew YorkUnited States9,217.3Event Driven, Distressed Assets
20.0Bardin Hill Investment PartnersNew YorkUnited States9,198.6Multi Strategy, Special Situations, Distressed Assets
21.0Oak Hill AdvisorsNew YorkUnited States7,580.0Credit, Distressed Assets
22.0HG Vora Capital ManagementNew YorkUnited States7,563.5Event Driven
23.0Amber Capital Investment ManagementNew YorkUnited States7,414.7Managed Futures, Event Driven
24.0Jana PartnersNew YorkUnited States7,390.3Event Driven, Long/Short
25.0Pentwater Capital ManagementEvanstonUnited States5,728.2Global Equity, Fixed Income, Event Driven

Key Stats on Top 25 Event Driven Hedge Funds – 2021

Top event driven hedge funds 202124 of the top 25 event driven hedge fund managers are based in the United States Top hedge funds investing in special situations 20211 of the top 25 special situations hedge funds for 2021 is based in Europe largest distressed asset hedge funds in NY15 of the 25 largest event driven funds for 2021 are based in New York

top event driven hedge funds 2021 AUMThe top 25 event driven hedge fund companies have $599.2 billion USD in assets under management (AUM)

top 25 hedge funds special situationss average AUMThe average AUM of the top 25 distressed asset / event driven funds for 2021 is $24.0 billion USD

largest hedge funds median AUMThe 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
Event Driven Hedge Funds ListThe 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 theĀ Distressed/Event-Driven Hedge Fund List

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