Top 25 Global Macro Hedge Funds 2021

2021 Top 25 Largest Global Macro Hedge Funds Overview

The 25 largest global macro hedge funds manage $685 billion in assets as of early 2021. 56% of the top global macro hedge funds are based in the United States. 28% of the largest global macro funds are based in London.

With $111 billion in AUM, Fortress Investment Group is the largest global macro hedge fund manager in 2021. Garda Capital and MAN Group rank two and three, respectively, among the biggest global macro hedge funds.

Rather than focus on specific companies, global macro funds try to profit from market swings caused by large-scale political or economic events. They hope to profit from correclty predicting the outcome of unknown global events. Global macro hedge funds use a variety of instruments including debt, equity, fx, options and other derivatives.

The below list of top global macro hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in a global macro style.

Top 25 Global Macro Hedge Funds 2021

List of the 25 biggest global macro 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 Garda Capital Minneapolis United States 78,067.2 Global Macro

3.0 Man Group London United Kingdom 64,740.6 Global Macro, Convertibles, Crypto

4.0 Brevan Howard Asset Management London United Kingdom 58,630.0 Global Macro, Commodities

5.0 Viking Global Investors Greenwich United States 42,123.1 Global Macro, Long/Short

6.0 Moore Capital Management New York United States 35,454.6 Global Macro, Emerging Markets

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 Lansdowne Partners London United Kingdom 31,740.0 Absolute Returns, Global Macro, Long/Short

10.0 King Street Capital Management New York United States 24,504.6 Global Macro, FX, Long/Short, Distressed Assets

11.0 Caxton Associates New York United States 22,611.6 Global Macro

12.0 Grantham, Mayo, Van Otterloo & Co. Boston United States 18,960.0 Emerging Markets, Global Macro, Energy

13.0 Marshall Wace London United Kingdom 18,854.4 Global Macro, Multi Strategy

14.0 Danske Capital Copenhagen Denmark 15,500.0 European Equity, Fixed Income, Global Macro

15.0 LMR Partners London United Kingdom 15,350.0 Global Macro, Event Driven

16.0 Brummer and Partners Stockholm Sweden 14,200.0 Long/Short, Multi Strategy, Global Macro, Managed Futures

17.0 Alphadyne Asset Management New York United States 11,313.3 Equity, Managed Futures, Global Macro

18.0 Panagora Boston United States 9,110.0 Global Macro, Cannabis

19.0 BlueCrest Capital Management London United Kingdom 9,000.0 Multi Strategy, Managed Futures, Emerging Markets, Global Macro

20.0 PointState Capital New York United States 8,128.3 Energy, Global Macro

21.0 Autonomy Capital New York United States 8,123.8 Emerging Markets, Global Macro

22.0 SPX Capital Rio de Janeiro Brazil 6,150.0 Global Macro, Commodities

23.0 Stone Milliner Asset Management London United Kingdom 5,380.0 FX, Global Macro, Fixed Income, Emerging Markets

24.0 Cantab Capital Partners Cambridge United Kingdom 4,910.0 Global Macro, Quantitative

25.0 Discovery Capital Management Norwalk United States 3,656.6 Equity, Emerging Markets, Global Macro

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	Garda Capital	Minneapolis	United States	78,067.2	Global Macro
3.0	Man Group	London	United Kingdom	64,740.6	Global Macro, Convertibles, Crypto
4.0	Brevan Howard Asset Management	London	United Kingdom	58,630.0	Global Macro, Commodities
5.0	Viking Global Investors	Greenwich	United States	42,123.1	Global Macro, Long/Short
6.0	Moore Capital Management	New York	United States	35,454.6	Global Macro, Emerging Markets
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	Lansdowne Partners	London	United Kingdom	31,740.0	Absolute Returns, Global Macro, Long/Short
10.0	King Street Capital Management	New York	United States	24,504.6	Global Macro, FX, Long/Short, Distressed Assets
11.0	Caxton Associates	New York	United States	22,611.6	Global Macro
12.0	Grantham, Mayo, Van Otterloo & Co.	Boston	United States	18,960.0	Emerging Markets, Global Macro, Energy
13.0	Marshall Wace	London	United Kingdom	18,854.4	Global Macro, Multi Strategy
14.0	Danske Capital	Copenhagen	Denmark	15,500.0	European Equity, Fixed Income, Global Macro
15.0	LMR Partners	London	United Kingdom	15,350.0	Global Macro, Event Driven
16.0	Brummer and Partners	Stockholm	Sweden	14,200.0	Long/Short, Multi Strategy, Global Macro, Managed Futures
17.0	Alphadyne Asset Management	New York	United States	11,313.3	Equity, Managed Futures, Global Macro
18.0	Panagora	Boston	United States	9,110.0	Global Macro, Cannabis
19.0	BlueCrest Capital Management	London	United Kingdom	9,000.0	Multi Strategy, Managed Futures, Emerging Markets, Global Macro
20.0	PointState Capital	New York	United States	8,128.3	Energy, Global Macro
21.0	Autonomy Capital	New York	United States	8,123.8	Emerging Markets, Global Macro
22.0	SPX Capital	Rio de Janeiro	Brazil	6,150.0	Global Macro, Commodities
23.0	Stone Milliner Asset Management	London	United Kingdom	5,380.0	FX, Global Macro, Fixed Income, Emerging Markets
24.0	Cantab Capital Partners	Cambridge	United Kingdom	4,910.0	Global Macro, Quantitative
25.0	Discovery Capital Management	Norwalk	United States	3,656.6	Equity, Emerging Markets, Global Macro

Want more details on more than 340 global macro hedge funds?

Download the Global Macro Hedge Funds List in Excel format with 35 columns of information on each fund.

Key Stats on Top 25 Global Macro Hedge Funds – 2021

14 of the top 25 global macro hedge fund managers are based in the United States (56%)

8 of the top 25 global macro funds for 2021 are based in the United Kingdom (32%)

8 of the 25 largest global macro hedge funds for 2021 are based in New York

The top 25 macro hedge fund companies have $685.3 billion USD in assets under management (AUM)

The average AUM of the top 25 global macro funds for 2021 is $27.4 billion USD

The median AUM of the top 25 global macro hedge funds for 2021 is $18.9 billion USD

Get the full list of all global macro hedge funds in Excel format

The Global Macro Hedge Fund List has 35 categories of detailed information on all the funds above plus nearly 300 additional global macro 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.