Top 50 Largest Hedge Funds in Europe – 2023
There are some minor changes for the 2023 top hedge funds in Europe rankings versus the list of top hedge funds for 2022. Global macro remains the most popular strategy among the top hedge funds in the UK.
Rokos Capital Management, with over $138 billion USD in assets is the largest hedge fund in Europe. Willis Towers Watson and Capula Investment Management, with $128 billion and $118 billion in AUM respectively, rank second and third among the biggest EU hedge funds.
Europe’s 50 largest hedge funds manage a combined $1.2 trillion USD / $1.12T Euro in assets as of 2023. This is up more than 20% from 2022.
Nearly 75% of the largest European hedge fund management companies are based in the United Kingdom. Switzerland and France are home to a handful of the 50 largest funds.
Top 50 Largest Hedge Funds in Europe – 2023
Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Fund Name | City | Country | AUM | Strategy |
|---|---|---|---|---|---|
| 1 | Rokos Capital Management | London | United Kingdom | $138,426 | Global Macro |
| 2 | Willis Towers Watson | London | United Kingdom | $128,000 | Fund of Funds |
| 3 | Capula Investment Management LLP | London | United Kingdom | $118,360 | Absolute Returns, Credit |
| 4 | Two Sigma International Limited | London | United Kingdom | $81,175 | Long/Short |
| 5 | Squarepoint Ops | London | United Kingdom | $75,717 | Quantitative |
| 6 | Brevan Howard Asset Management | London | United Kingdom | $58,630 | Global Macro, Commodities |
| 7 | Lansdowne Partners | London | United Kingdom | $31,740 | Absolute Returns, Global Macro, Long/Short |
| 8 | Pictet Alternative Investments | Geneva | Switzerland | $31,715 | Fund of Funds |
| 9 | Polar Capital Partners | London | United Kingdom | $30,348 | Long/Short, Convertibles |
| 10 | Marshall Wace | London | United Kingdom | $28,400 | Global Macro, Multi Strategy, ESG |
| 11 | Cheyne Capital | London | United Kingdom | $27,889 | Real Estate, Fixed Income, Long/Short |
| 12 | Lindsell Train Limited | London | United Kingdom | $26,990 | Fixed Income, Asian Equity, Global Macro |
| 13 | Man Group | London | United Kingdom | $26,040 | Global Macro, Convertibles, Crypto |
| 14 | Egerton Capital | London | United Kingdom | $24,344 | Long/Short |
| 15 | Lyxor Asset Management | Paris | France | $24,152 | Convertibles, Long/Short, Distressed Assets |
| 16 | Alcentra | London | United Kingdom | $22,590 | Distressed Assets |
| 17 | Barings | London | United Kingdom | $19,289 | Fund of Funds, Multi Strategy |
| 18 | Systematica Investments | London | United Kingdom | $18,629 | Commodities |
| 19 | Algebris Investments | London | United Kingdom | $17,877 | Credit, UCITS, Emerging Markets |
| 20 | Cevian Capital | Stockholm | Sweden | $15,646 | Activist, Event Driven |
| 21 | Danske Capital | Copenhagen | Denmark | $15,500 | European Equity, Fixed Income, Global Macro |
| 22 | LMR Partners | London | United Kingdom | $15,350 | Global Macro, Event Driven |
| 23 | RWC London | London | United Kingdom | $14,407 | Absolute Returns, Long/Short, Emerging Markets |
| 24 | Brummer and Partners | Stockholm | Sweden | $14,200 | Long/Short, Multi Strategy, Global Macro |
| 25 | Janus Henderson | London | United Kingdom | $12,231 | Global Macro, Long/Short |
| 26 | Credit Suisse Alternatives | Zurich | Switzerland | $12,139 | Fund of Funds |
| 27 | Aviva Investors | London | United Kingdom | $10,510 | Convertibles, Multi Strategy, Global Equity |
| 28 | ABC Arbitrage | Paris | France | $10,285 | Arbitrage, Quantitative |
| 29 | Transtrend | Rotterdam | Netherlands | $9,040 | Managed Futures |
| 30 | BlueCrest Capital Management | London | United Kingdom | $9,000 | Multi Strategy, Managed Futures, Emerging Markets |
| 31 | Lombard Odier Darier Hentsch & Cie | Petit-Lancy | Switzerland | $7,758 | Fund of Funds, Multi Strategy, ESG |
| 33 | Blue Mountain Capital Partners | London | United Kingdom | $7,100 | Managed Futures, Credit |
| 34 | The Children's Investment Fund Foundation | London | United Kingdom | $7,000 | Long/Short |
| 35 | Emso Asset Management Limited | London | United Kingdom | $6,885 | |
| 36 | Amundi Alternative Investments | Paris | France | $6,580 | Fund of Funds, Long/Short |
| 37 | Investec Asset Management | London | United Kingdom | $6,210 | Multi Strategy |
| 38 | Winton Capital Management | London | United Kingdom | $5,987 | Managed Futures, Absolute Returns, Long/Short |
| 39 | HSBC Alternative Investments | London | United Kingdom | $5,938 | Multi Strategy, Global Macro, Emerging Markets |
| 40 | Oxford Asset Management | Oxford | United Kingdom | $5,889 | Absolute Returns, Global Macro |
| 41 | Stone Milliner Asset Management | London | United Kingdom | $5,380 | FX, Global Macro, Fixed Income |
| 42 | Cantab Capital Partners | Cambridge | United Kingdom | $4,910 | Global Macro, Quantitative |
| 43 | Odey Asset Management | London | United Kingdom | $4,785 | Absolute Returns, Long/Short |
| 44 | Wimmer Horizon | London | United Kingdom | $4,727 | Managed Futures, Commodities, FX |
| 45 | Aspect Capital | London | United Kingdom | $4,524 | Managed Futures, Long/Short |
| 46 | MKP Capital Europe | London | United Kingdom | $4,129 | Multi Strategy |
| 47 | Highclere International Investors | London | United Kingdom | $4,080 | Small Cap |
| 48 | Exane Asset Management | Paris | France | $3,950 | Long/Short, Absolute Returns |
| 49 | Cyrus Capital Partners | London | United Kingdom | $3,920 | Special Situations, Arbitrage, Distressed Assets |
| 50 | Edesia Asset Management | Geneva | Switzerland | $3,746 | Commodities |
Key Statistics
- Rokos Capital Management, with over $138 billion USD in assets is the largest hedge fund in Europe. Willis Towers Watson and Capula Investment Management, with $128 billion and $118 billion in AUM respectively, rank second and third among the biggest EU hedge funds.
- Europe’s 50 largest hedge funds manage a combined $1.2 trillion USD / $1.12T Euro in assets as of 2023. This is up more than 20% from 2022.
- Nearly 75% of the largest European hedge fund management companies are based in the United Kingdom. Switzerland and France are home to a handful of the 50 largest funds.
- 5 of the top 50 hedge funds in Europe for 2023 are based in Paris
- 4 of the 50 largest hedge funds for 2023 are based in Switzerland
- The average AUM of the top 50 hedge funds in Europe for 2021 is $23.6 billion USD / 22.03 billion EURO
- The median AUM of the top 50 hedge funds for 2023 is $12.2 billion USD / 11.4 billion EURO
- The average number of employees at the top 50 hedge funds in Europe is 34
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