Top 50 Event Driven Hedge Funds 2026

The 50 largest Event Driven Hedge Funds manage approximately $1.00 trillion in combined assets as of 2026, down 1.1% from 2025.

Garda Capital leads the rankings at $107B in AUM, based in Minneapolis. Cerberus Capital Management ranks second at $84B, followed by AQR Capital Management at $84B.

United States is the most represented location with 82% of the top 50 funds.

There are 2 new entrants to the top 50 in 2026 and 2 funds that dropped off compared to 2025.

Total AUM — Top 50 Event Driven Hedge Funds 2026

Country Distribution

$1T
Total AUM
+-1.1%
YoY Change
$20.1B
Average AUM
82%
Based in United States

Top 50 Event Driven Hedge Funds 2026

Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.

RankΔFund NameCityCountryAUM ($M)
1—Garda CapitalMinneapolisUnited States106,636.6
2—Cerberus Capital ManagementNew YorkUnited States84,094.6
3▴1AQR Capital ManagementGreenwichUnited States83,848.2
4▾1Fortress Investment GroupNew YorkUnited States71,327.4
5▴1Och-Ziff Capital ManagementNew YorkUnited States44,025.8
6▾1Davidson Kempner Capital ManagementNew YorkUnited States41,633.1
7—Oaktree Capital ManagementLos AngelesUnited States38,350.0
8▴3Silver Point CapitalGreenwichUnited States37,087.2
9▾1Centerbridge Partners LPNew YorkUnited States37,035.7
10▾1King Street Capital ManagementNew YorkUnited States32,316.1
11▾1Lyxor Asset ManagementParisFrance27,924.3
12—Magnetar CapitalEvanstonUnited States24,950.4
13—Strategic Value PartnersGreenwichUnited States23,424.1
14▴3Brigade Capital ManagementNew YorkUnited States20,342.1
15▾1Marathon Asset ManagementNew YorkUnited States20,320.7
16▴6Third Point LLCNew YorkUnited States19,323.9
17▾1Appaloosa ManagementShort HillsUnited States19,100.0
18—Alpha Wave Global, LPNew YorkUnited States19,033.7
19▾4AlcentraLondonUnited Kingdom17,895.7
20▾1Varde PartnersMinneapolisUnited States16,669.2
21▴2Monarch Alternative CapitalNew YorkUnited States16,474.6
22▾2LMR PartnersLondonUnited Kingdom15,350.0
23▴1Cevian CapitalStockholmSweden14,332.8
24▴2LibreMax CapitalNew YorkUnited States12,999.1
25▾4Crestline InvestorsFort WorthUnited States11,601.9
26▾1Knighthead Capital Management, LLCNew YorkUnited States11,581.9
27—Hildene Capital ManagementStamfordUnited States11,275.7
28▴5Pentwater Capital ManagementEvanstonUnited States8,661.5
29▴7VR Advisory Services Ltd.New YorkUnited States8,648.6
30—Taconic Capital AdvisorsNew YorkUnited States8,065.2
31▴1La Française Global Investment SolutionsParisFrance7,620.0
32▴2Oak Hill AdvisorsNew YorkUnited States7,580.0
33▾4HG Vora Capital ManagementNew YorkUnited States7,551.5
34▴4Trian Fund Management LPNew YorkUnited States5,830.0
35▴4GramercyGreenwichUnited States5,819.0
36▾5Tikehau CapitalParisFrance5,447.6
37▴3Luxor Capital GroupNew YorkUnited States5,203.2
38▴3Ellerston CapitalSydneyAustralia5,120.0
39▴3Empyrean Capital PartnersLos AngelesUnited States4,946.7
40▾3Anchorage Capital GroupNew YorkUnited States4,722.4
41NEWUG Investment Advisers Ltd.TaipeiTaiwan4,675.2
42▾7EJF Asset ManagementArlingtonUnited States4,435.9
43▴1TIG AdvisorsNew YorkUnited States4,287.9
44▴1Contrarian Capital ManagementGreenwichUnited States4,039.2
45▴4Gates Capital ManagementNew YorkUnited States3,941.3
46—Cyrus Capital PartnersLondonUnited Kingdom3,823.5
47▴3Jana PartnersNew YorkUnited States3,581.0
48NEWDeer Park Road CorpSteamboat SpringsUnited States3,566.0
49▾2Greywolf Capital ManagementPurchaseUnited States3,480.6
50▾2Phoenix Investment AdvisersNew YorkUnited States3,480.6

Top 10 Funds — AUM Comparison ($B)

Movers and Shakers

🔺 Biggest AUM Gainers

Fund$ Change% Change
AQR Capital Management+$10.9B+15.0%
Silver Point Capital+$9.2B+32.9%
Third Point LLC+$4.9B+34.1%
King Street Capital Management+$3.9B+13.7%
Magnetar Capital+$3.4B+15.6%

🆕 New Entrants

RankFundAUM
#41UG Investment Advisers Ltd.$4,675M
#48Deer Park Road Corp$3,566M

📉 Dropped from List

Atalaya Capital Management LP
Perella Weinberg Partners

📊 Fastest Growing (%)

VR Advisory Services Ltd.+35.9%
Third Point LLC+34.1%
Silver Point Capital+32.9%
LibreMax Capital+18.5%
Magnetar Capital+15.6%

Key Statistics

  • 41 of the top 50 are based in United States (82%)
  • 3 of the top 50 are based in France (6%)
  • 3 of the top 50 are based in United Kingdom (6%)
  • 1 of the top 50 are based in Sweden (2%)
  • 1 of the top 50 are based in Australia (2%)
  • The top 50 funds manage $1.00 trillion in combined AUM
  • The top 10 funds alone manage $576.4 billion — 57% of the total
  • Average AUM of the top 50 is $20.1 billion
  • Median AUM is $11.6 billion
  • Combined AUM increased 1.1% from 2025

Geographic Distribution Trends

Country202420252026YoY Δ
United States454241-1
France233—
United Kingdom333—
Australia011—
Sweden011—
Taiwan001+1

Frequently Asked Questions

What is the largest Event Driven Hedge Funds?
As of 2026, Garda Capital is the largest with approximately $107B in assets under management, based in Minneapolis.
How much do the top 50 Event Driven Hedge Funds manage?
The 50 largest collectively manage approximately $1.00 trillion in AUM as of 2026, a decrease of 1.1% from the prior year.
Which location has the most Event Driven Hedge Funds?
United States is home to 82% of the top 50 Event Driven Hedge Funds, making it the most represented location.

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