Top 250 Hedge Funds 2018
List of the top 250 global hedge funds for 2018 ranked by assets under management (AUM)
Rank Fund Name City Country AUM ($millions) Strategy
1
AQR Capital Management
Greenwich
United States
243,982
Multi Strategy
2
Bridgewater Associates
Westport
United States
239,323
Long/Short
3
Millennium Management
New York
United States
207,626
Multi Strategy
4
Citadel Investment Group
Chicago
United States
152,656
Convertibles
5
Goldman Sachs Asset Management
New York
United States
106,240
0
6
Wellington Management Company LLP
Boston
United States
99,740
Multi Strategy
7
Renaissance Technologies
East Setauket
United States
97,006
Multi Strategy
8
Pine River Capital Management
Minnetonka
United States
82,775
Multi Strategy
9
DE Shaw
New York
United States
81,317
Absolute Return
10
Fortress Investment Group
New York
United States
56,936
Private Equity
11
Elliott Management
New York
United States
56,006
Global Equity
12
Element Capital Management
New York
United States
55,883
Global Macro
13
BlueCrest Capital Management
Geneva
Switzerland
55,100
0
14
Moore Capital Management
New York
United States
53,824
Global Macro
15
Och-Ziff Capital Management
New York
United States
51,744
Global Macro
16
Two Sigma Investments
New York
United States
49,269
Commodities
17
Cerberus Capital Management
New York
United States
47,973
Aerospace/Defense
18
Capula Investment Management LLP
London
United Kingdom
45,812
Absolute Return
19
Viking Global Investors
Greenwich
United States
43,378
Global Macro
20
Adage Capital Management
Boston
United States
41,969
0
21
GAM Fund Management
Hong Kong
Hong Kong
40,318
Fund of Funds
22
Tudor Investment Corporation
Greenwich
United States
39,662
Multi Strategy
23
Angelo Gordon & Co.
New York
United States
38,319
Real Estate
24
Balyasny Asset Management
Chicago
United States
37,210
Multi Strategy
25
BlackRock Alternative Advisors
New York
United States
33,250
Global Macro
26
Lone Pine Capital
Greenwich
United States
33,157
Long/Short
27
Discovery Capital Management
Norwalk
United States
33,072
Equity
28
Pictet Alternative Investments
Geneva
Switzerland
31,715
Fund of Funds
29
Baupost Group
Boston
United States
31,563
Global Equity
30
Davidson Kempner Capital Management
New York
United States
31,023
Global Equity
31
Graham Capital Management
Rowayton
United States
30,308
Global Macro
32
GoldenTree Asset Management
New York
United States
27,384
Private Equity
33
Anchorage Capital Group
New York
United States
27,176
Credit
34
Centerbridge Partners LP
New York
United States
26,049
Multi Strategy
35
HBK Capital Management
Dallas
United States
25,448
Multi Strategy
36
Farallon Capital Management
San Francisco
United States
25,436
Multi Strategy
37
Hillhouse Capital
Hong Kong
Hong Kong
24,960
Emerging Markets
38
PointState Capital
New York
United States
24,763
Energy
39
Tiger Global Management LLC
New York
United States
23,596
0
40
Bracebridge Capital
Boston
United States
23,528
Absolute Returns
41
Appaloosa Management
Short Hills
United States
22,845
Global Equity
42
Hutchin Hill Capital
New York
United States
22,809
Event Driven
43
Bluemountain Capital Management
New York
United States
22,788
Global Macro
44
Third Point LLC
New York
United States
22,616
Event Driven
45
Lighthouse Investment Partners
Palm Beach Gardens
United States
21,238
Fund of Funds
46
King Street Capital Management
New York
United States
21,219
Global Macro
47
Winton Capital Management
London
United Kingdom
21,157
Managed Futures
48
Select Equity
New York
United States
20,511
Equity
49
York Capital Management
New York
United States
19,975
Event Driven
50
York Capital Management
London
United Kingdom
19,975
Event Driven
51
Magnetar Capital
Evanston
United States
19,895
Multi Strategy
52
Brigade Capital Management
New York
United States
19,731
Managed Futures
53
Caxton Associates
Princeton
United States
19,427
Global Macro
54
Kayne Anderson Capital Advisors
Los Angeles
United States
19,358
Private Equity
55
Canyon Partners
Los Angeles
United States
19,149
Multi Strategy
56
Platinum Asset Management
Sydney
Australia
18,985
Equity
57
Grantham, Mayo, Van Otterloo & Co.
Boston
United States
18,960
Emerging Markets
58
Carlson Alternative Advisors
Dallas
United States
18,882
Private Equity
59
Highfields Capital Management
Boston
United States
18,796
0
60
MKP Capital Management
New York
United States
18,705
Multi Strategy
61
ValueAct Capital
San Francisco
United States
17,581
Long/Short
62
Egerton Capital
London
United Kingdom
17,146
Long/Short
63
Alyeska Investment Group
Chicago
United States
16,532
Managed Futures
64
Spectrum Asset Management
Stamford
United States
16,509
Fixed Income
65
Cheyne Capital
London
United Kingdom
16,397
Real Estate
66
Glenview Capital Management
New York
United States
16,320
Multi Strategy
67
Tilden Park Capital Management
New York
United States
16,058
Multi Strategy
68
Maverick Capital
Dallas
United States
15,922
Global Macro
69
Neuberger Berman
New York
United States
15,900
Fund of Funds
70
Danske Capital
Copenhagen
Denmark
15,500
European Equity
71
Cevian Capital
Stockholm
Sweden
15,453
Activist
72
Marathon Asset Management
New York
United States
15,248
Credit
73
OrbiMed Advisors
New York
United States
15,200
Private Equity
74
UBS Hedge Fund Solutions
Stamford
United States
14,550
Equity
75
Arrowgrass Capital Partners
London
United Kingdom
14,440
Convertibles
76
Brummer and Partners
Stockholm
Sweden
14,200
Long/Short
77
Lazard Alternatives
New York
United States
14,120
Multi Strategy
78
Paloma Partners
Greenwich
United States
14,022
0
79
Pershing Square Capital Management
New York
United States
13,811
Value
80
Coatue Management
New York
United States
13,755
0
81
Carval Investors
Hopkins
United States
13,646
Fixed Income
82
Varde Partners
Minneapolis
United States
13,541
Distressed Assets
83
Senator Investment Group
New York
United States
13,388
Long/Short
84
Pharo Management
New York
United States
13,382
Global Macro
85
M Square Investimentos
Sao Paulo
Brazil
13,379
0
86
Alcentra
London
United Kingdom
13,330
Distressed Assets
87
Oxford Asset Management
Oxford
United Kingdom
13,042
Absolute Returns
88
Beach Point Capital Management
Santa Monica
United States
13,033
Multi Strategy
89
Fir Tree Partners
New York
United States
13,018
0
90
Algebris Investments
London
United Kingdom
12,494
Credit
91
Trian Fund Management LP
New York
United States
12,478
0
92
Paulson & Co.
New York
United States
12,443
Multi Strategy
93
Blue Ridge Capital
Atlanta
United States
12,410
Real Estate
94
Silver Point Capital
Greenwich
United States
12,345
Multi Strategy
95
Arrowstreet Capital
Boston
United States
12,200
0
96
Polar Capital Partners
London
United Kingdom
11,945
Long/Short
97
Benefit Street Partners
New York
United States
11,829
Credit
98
Metacapital Management LP
New York
United States
11,734
Fixed Income
99
Soroban Capital Partners
New York
United States
11,626
Long/Short
100
HSBC Alternative Investments
London
United Kingdom
11,621
Multi Strategy
101
Nephila Capital
Larkspur
United States
11,576
Insurance
102
Scopia Capital
New York
United States
11,370
Long/Short
103
Lindsell Train Limited
London
United Kingdom
11,342
Fixed Income
104
Eton Park Capital Management
New York
United States
11,329
Credit
105
Horsley Bridge Partners
San Francisco
United States
11,172
Private Equity
106
LaSalle Investment Management
Chicago
United States
11,012
Real Estate
107
Lyxor Asset Management
Paris
France
10,958
Convertibles
108
KLS Diversified
New York
United States
10,940
Fixed Income
109
RWC Partners
London
United Kingdom
10,582
Absolute Returns
110
MJX Asset Management
New York
United States
10,569
CDO
111
Eminence Capital
New York
United States
10,551
Activist
112
CQS Investment Management Limited
London
United Kingdom
10,500
Multi Strategy
113
Wafra Investment Group
New York
United States
10,483
Multi Strategy
114
Commonfund Capital
Wilton
United States
10,364
Multi Strategy
115
Marshall Wace
London
United Kingdom
10,324
Global Macro
116
Pacific Alternative Asset Management
Irvine
United States
10,053
Fund of Funds
117
K2 Advisors
Stamford
United States
9,808
Fund of Funds
118
PDT Partners
New York
United States
9,720
0
119
ArcLight Capital Partners
Boston
United States
9,616
Energy
120
Aviva Investors
London
United Kingdom
9,599
Convertibles
121
Abrams Capital
Boston
United States
9,314
Managed Futures
122
Ellington Management Group
Old Greenwich
United States
9,238
ABS
123
Kensico Capital Management
Greenwich
United States
9,209
Multi Strategy
124
Highbridge Capital Management
New York
United States
9,135
Convertibles
125
Whitebox Advisors
Minneapolis
United States
8,863
Global Macro
126
Graticule Asset Management Asia
Singapore
Singapore
8,826
Global Macro
127
Steadfast Financial LP
New York
United States
8,761
Long/Short
128
Natixis Alternative Investments
New York
United States
8,690
Multi Strategy
129
Greenlight Capital
New York
United States
8,676
Long/Short
130
Catterton Partners
Greenwich
United States
8,574
Food and Beverage
131
Prisma Capital Partners
New York
United States
8,540
Fund of Funds
132
GSA Capital
London
United Kingdom
8,509
0
133
Rockpoint Group
Jacksonville
United States
8,504
Real Estate
134
Jana Partners
New York
United States
8,500
Event Driven
135
Panagora
Boston
United States
8,420
Global Macro
136
Crestline Management
Fort Worth
United States
8,410
Fund of Funds
137
Alder Capital
Del Mar
United States
8,397
Managed Futures
138
Parallax Fund
San Francisco
United States
8,311
Multi Strategy
139
EJF Asset Management
Arlington
United States
8,244
Event Driven
140
Systematica Investments
London
United Kingdom
8,037
Commodities
141
GMT Capital
Atlanta
United States
8,019
Long/Short
142
Solus Alternative Asset Management
New York
United States
7,938
Distressed Assets
143
Taconic Capital Advisors
New York
United States
7,761
Managed Futures
144
Onex Credit Partners
Toronto
Canada
7,738
Credit
145
Oak Hill Advisors
New York
United States
7,580
Credit
146
PAR Capital Management
Boston
United States
7,529
Global Macro
147
Rimrock Capital Management
Irvine
United States
7,472
Commodities
148
MSD Capital
New York
United States
7,436
Credit
149
Corvex Management
New York
United States
7,418
Activist
150
Structured Portfolio Management
Stamford
United States
7,235
ABS
151
Samlyn Capital
New York
United States
7,151
0
152
Altrinsic Global Advisors
Greenwich
United States
7,109
Equity
153
Blue Mountain Capital Management
London
United Kingdom
7,100
Managed Futures
154
The Children's Investment Fund Foundation
London
United Kingdom
7,000
Long/Short
155
Odey Asset Management
London
United Kingdom
6,932
Absolute Returns
156
Coast Asset Management
Santa Monica
United States
6,930
Fund of Funds
157
Redwood Capital Management
Englewood Cliffs
United States
6,927
Credit
158
JP Morgan Alternative Investments
New York
United States
6,905
Multi Strategy
159
Rockwood Capital
San Francisco
United States
6,850
Real Estate
160
Luminus Management
New York
United States
6,825
Long/Short
161
The Carlyle Group
New York
United States
6,800
0
162
Strategic Value Partners
Greenwich
United States
6,761
Distressed Assets
163
Amundi Alternative Investments
Paris
France
6,580
Fund of Funds
164
Indus Capital Partners
New York
United States
6,529
Multi Strategy
165
Alphadyne Asset Management
New York
United States
6,520
Equity
166
Capital Fund Management
New York
United States
6,412
Managed Futures
167
Magnitude Capital
New York
United States
6,313
Fund of Funds
168
Wolverine Asset Management
Chicago
United States
6,282
Arbitrage
169
Paskewitz Asset Management
Edison
United States
6,249
Managed Futures
170
Tennenbaum Capital Partners
Santa Monica
United States
6,243
Multi Strategy
171
Pentwater Capital Management
Evanston
United States
6,228
Global Equity
172
Investec Asset Management
London
United Kingdom
6,210
0
173
Cyrus Capital Partners
Stamford
United States
6,192
Special Situations
174
Omega Advisors
New York
United States
6,106
Global Macro
175
Gramercy
Greenwich
United States
6,095
Multi Strategy
176
Reservoir Capital Group
New York
United States
6,026
Global Macro
177
Haidar Capital Management
New York
United States
6,014
Global Macro
178
Water Street Capital, Inc.
Jacksonville
United States
5,928
0
179
Tourbillon Capital Partners
New York
United States
5,829
Long/Short
180
Convexity Capital Management
Boston
United States
5,829
Multi Strategy
181
Autonomy Capital
New York
United States
5,786
Emerging Markets
182
Partner Fund Management
San Francisco
United States
5,759
0
183
Finisterre Capital
London
United Kingdom
5,646
Fixed Income
184
Axonic Capital LLC
New York
United States
5,574
Long/Short
185
Monarch Alternative Capital
New York
United States
5,543
Fixed Income
186
Stone Milliner Asset Management
London
United Kingdom
5,380
FX
187
Highclere International Investors
London
United Kingdom
5,312
Small Cap
188
Anchor Bolt Capital
Chicago
United States
5,261
Long/Short
189
Lakewood Capital Management
New York
United States
5,206
Value
190
Barings
London
United Kingdom
5,149
Fund of Funds
191
Empyrean Capital Partners
Los Angeles
United States
5,054
Fixed Income
192
Grove Street Advisors
Newton
United States
5,022
Fund of Funds
193
Ashmore Investment Management
London
United Kingdom
4,996
Emerging Markets
194
Sensato Investors
San Francisco
United States
4,985
Long/Short
195
Luxor Capital Group
New York
United States
4,976
0
196
DW Partners
New York
United States
4,963
Credit
197
Cantab Capital Partners
Cambridge
United Kingdom
4,910
Global Macro
198
Entrust Permal
New York
United States
4,897
Fund of Funds
199
Stevens Capital Management
Radnor
United States
4,860
0
200
Alkeon Capital Management
New York
United States
4,819
0
201
Evanston Capital Management
Evanston
United States
4,787
Fund of Funds
202
Highline Capital Management
New York
United States
4,712
Global Macro
203
Value Partners
Hong Kong
Hong Kong
4,681
Asian Equity
204
Overlook Investments Group
Georgetown
Cayman Islands
4,561
0
205
DellaCamera Capital Management
Rye Brook
United States
4,534
Credit
206
Brahman Capital
New York
United States
4,519
Managed Futures
207
Aristeia Capital
Greenwich
United States
4,515
0
208
Harbert Management Corporation
Birmingham
United States
4,507
Emerging Markets
209
Contrarian Capital Management
Greenwich
United States
4,451
Multi Strategy
210
Ivory Investment Management
Los Angeles
United States
4,389
Value
211
Wayzata Investment Partners
Wayzata
United States
4,321
Private Equity
212
Passport Capital
San Francisco
United States
4,296
Long/Short
213
Aurelius Capital Management
New York
United States
4,254
Managed Futures
214
Key Square Capital Management
New York
United States
4,094
Global Macro
215
Ascend Capital
Orinda
United States
4,036
Long/Short
216
Aquila Capital
Hamburg
Germany
3,830
Arbitrage
217
Hitchwood Capital Management
New York
United States
3,822
Equity
218
BTG Pactual
Sao Paulo
Brazil
3,670
Emerging Markets
219
Sprott Asset Management
Toronto
Canada
3,540
Small Cap
220
Owl Creek Asset Management
New York
United States
3,536
Equity
221
Mason Capital Management LLC
New York
United States
3,508
0
222
Symmetry Investments
Hong Kong
Hong Kong
3,500
Credit
223
Credit Suisse Alternatives
Zurich
Switzerland
3,483
Fund of Funds
224
ECM
London
United Kingdom
3,480
Fixed Income
225
Criterion Capital Management
San Francisco
United States
3,374
Long/Short
226
Hoplite Capital Management
New York
United States
3,360
Long/Short
227
LibreMax Capital
New York
United States
3,289
Distressed Assets
228
Aetos Capital
Menlo Park
United States
3,281
Fund of Funds
229
HighVista Strategies
Boston
United States
3,247
Multi Strategy
230
Oceanwood Capital Management
London
United Kingdom
3,238
Credit
231
Prime Capital Management
Hong Kong
Hong Kong
3,214
Long/Short
232
Knighthead Capital Management, LLC
New York
United States
3,183
Long/Short
233
Czech Asset Management LP
Old Greenwich
United States
3,156
Credit
234
Kingdon Capital
New York
United States
3,100
Absolute Return
235
CSOP Asset Management
Hong Kong
Hong Kong
3,094
Credit
236
Providence Investment Management
Providence
United States
3,083
Fixed Income
237
Cadian Capital
New York
United States
2,993
0
238
Kepos Capital LP
New York
United States
2,908
0
239
Guggenheim Capital Markets
New York
United States
2,891
Multi Strategy
240
Metalmark Capital
New York
United States
2,805
Health Care
241
Altimeter Capital
Boston
United States
2,737
0
242
AlphaCat Managers
Pembroke
Bermuda
2,736
Fund of Funds
243
Almanac Realty Investors, LLC
New York
United States
2,705
Real Estate
244
Gates Capital Management
New York
United States
2,694
Event Driven
245
Nokota Management, LP
New York
United States
2,694
Long/Short
246
57 Stars
Washington
United States
2,662
Emerging Markets
247
Astenbeck Capital Management
Southport
United States
2,659
Commodities
248
Apollo Capital
New York
United States
2,635
Managed Futures
249
Cohen & Company
Philadelphia
United States
2,605
Global Equity
250
ABC Arbitrage Asset Management
Paris
France
2,568
Arbitrage
Want more details on the top 250 Global hedge funds?
2018 Top 250 Hedge Funds Overview
There are some minor changes for the 2018 top hedge fund rankings versus 2017. Though assets for the hedge fund industry as a whole increased from 2017, the total AUM of the top 250 hedge funds fell slightly for 2018. In general, long biased and emerging market funds had the largest increases in AUM for 2018. Fund of funds and global macro hedge funds had net decreases in assets under management.
Third Point and Lighthouse Investment Partners moved up in to the top 50 hedge funds for 2018 while Magnetar Capital fell out of the top 50.
Hedge funds making the top 250 hedge funds for 2018 for the first time include Key Square Capital Management, Prime Capital Management, Knighthead Capital Management, Czech Asset Management, and CSOP Asset Management. In total there were 24 new entrants into the top 250 global hedge funds for 2018.
Key Stats on Top 250 Hedge Funds for 2018
30 of the top 250 hedge fund managers are based in the United Kingdom
6 of the top 250 hedge fund managers for 2018 are based in Hong Kong
196 of the top 250 hedge funds for 2018 are based in the USA
100 of the top 250 hedge funds are based in New York
28 of the top 250 hedge funds are based in London
13 of the top hedge funds for 2018 are based in Greenwich, CT
9 of the top 250 hedge funds are based in Ssn Francisco, CA
The top 250 hedge funds in 2018 have $4.38 T in assets under management (AUM)
The average AUM of the top 250 hedge funds for 2018 is $17.52 billion
The median AUM of the top 250 hedge funds is $8.84 billion
The average number of employees at the top hedge funds is 54
15 of the top 250 hedge funds were launched in 2000, more than any other year
97 of the top 250 hedge funds are currently hiring new employees
Get the full list of top 250 hedge funds in Excel format
The Top 250 Global Hedge Fund List for 2018 has 35 categories of detailed information on all the funds above. Everything from website to emails to senior staff, hiring status, number of clients and more. And it’s delivered in Excel format for easy use with any spreadsheet program or contact management system.
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