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. The ten largest funds alone account for approximately $532 billion of that total.
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 $84B.
United States is the most represented location with 82% of the top 50 funds and 93% of total assets under management.
There are 2 new entrants to the top 50 in 2026 and 2 funds that dropped off compared to 2025.
Total AUM — Top 50 Event Driven Hedge Funds 2026
Country Distribution
This ranking shows the top managers by AUM. The complete Event Driven Hedge Fund List covers every fund with verified emails, AUM, and 40 data fields — Excel/CSV, one-time purchase with 12 months of updates.
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Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Δ | Fund Name | City | Country | AUM ($M) |
|---|---|---|---|---|---|
| 1 | — | Garda Capital | Minneapolis | United States | 106,636.6 |
| 2 | — | Cerberus Capital Management | New York | United States | 84,094.6 |
| 3 | ▴1 | AQR Capital Management | Greenwich | United States | 83,848.2 |
| 4 | ▾1 | Fortress Investment Group | New York | United States | 71,327.4 |
| 5 | ▴1 | Och-Ziff Capital Management | New York | United States | 44,025.8 |
| 6 | ▾1 | Davidson Kempner Capital Management | New York | United States | 41,633.1 |
| 7 | — | Oaktree Capital Management | Los Angeles | United States | 38,350.0 |
| 8 | ▴3 | Silver Point Capital | Greenwich | United States | 37,087.2 |
| 9 | ▾1 | Centerbridge Partners LP | New York | United States | 37,035.7 |
| 10 | ▾1 | King Street Capital Management | New York | United States | 32,316.1 |
| 11 | ▾1 | Lyxor Asset Management | Paris | France | 27,924.3 |
| 12 | — | Magnetar Capital | Evanston | United States | 24,950.4 |
| 13 | — | Strategic Value Partners | Greenwich | United States | 23,424.1 |
| 14 | ▴3 | Brigade Capital Management | New York | United States | 20,342.1 |
| 15 | ▾1 | Marathon Asset Management | New York | United States | 20,320.7 |
| 16 | ▴6 | Third Point LLC | New York | United States | 19,323.9 |
| 17 | ▾1 | Appaloosa Management | Short Hills | United States | 19,100.0 |
| 18 | — | Alpha Wave Global, LP | New York | United States | 19,033.7 |
| 19 | ▾4 | Alcentra | London | United Kingdom | 17,895.7 |
| 20 | ▾1 | Varde Partners | Minneapolis | United States | 16,669.2 |
| 21 | ▴2 | Monarch Alternative Capital | New York | United States | 16,474.6 |
| 22 | ▾2 | LMR Partners | London | United Kingdom | 15,350.0 |
| 23 | ▴1 | Cevian Capital | Stockholm | Sweden | 14,332.8 |
| 24 | ▴2 | LibreMax Capital | New York | United States | 12,999.1 |
| 25 | ▾4 | Crestline Investors | Fort Worth | United States | 11,601.9 |
| 26 | ▾1 | Knighthead Capital Management, LLC | New York | United States | 11,581.9 |
| 27 | — | Hildene Capital Management | Stamford | United States | 11,275.7 |
| 28 | ▴5 | Pentwater Capital Management | Evanston | United States | 8,661.5 |
| 29 | ▴7 | VR Advisory Services Ltd. | New York | United States | 8,648.6 |
| 30 | — | Taconic Capital Advisors | New York | United States | 8,065.2 |
| 31 | ▴1 | La Française Global Investment Solutions | Paris | France | 7,620.0 |
| 32 | ▴2 | Oak Hill Advisors | New York | United States | 7,580.0 |
| 33 | ▾4 | HG Vora Capital Management | New York | United States | 7,551.5 |
| 34 | ▴4 | Trian Fund Management LP | New York | United States | 5,830.0 |
| 35 | ▴4 | Gramercy | Greenwich | United States | 5,819.0 |
| 36 | ▾5 | Tikehau Capital | Paris | France | 5,447.6 |
| 37 | ▴3 | Luxor Capital Group | New York | United States | 5,203.2 |
| 38 | ▴3 | Ellerston Capital | Sydney | Australia | 5,120.0 |
| 39 | ▴3 | Empyrean Capital Partners | Los Angeles | United States | 4,946.7 |
| 40 | ▾3 | Anchorage Capital Group | New York | United States | 4,722.4 |
| 41 | NEW | UG Investment Advisers Ltd. | Taipei | Taiwan | 4,675.2 |
| 42 | ▾7 | EJF Asset Management | Arlington | United States | 4,435.9 |
| 43 | ▴1 | TIG Advisors | New York | United States | 4,287.9 |
| 44 | ▴1 | Contrarian Capital Management | Greenwich | United States | 4,039.2 |
| 45 | ▴4 | Gates Capital Management | New York | United States | 3,941.3 |
| 46 | — | Cyrus Capital Partners | London | United Kingdom | 3,823.5 |
| 47 | ▴3 | Jana Partners | New York | United States | 3,581.0 |
| 48 | NEW | Deer Park Road Corp | Steamboat Springs | United States | 3,566.0 |
| 49 | ▾2 | Greywolf Capital Management | Purchase | United States | 3,480.6 |
| 50 | ▾2 | Phoenix Investment Advisers | New York | United States | 3,480.6 |
Top 10 Funds — AUM Comparison ($B)
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🔺 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
| Rank | Fund | AUM |
| #41 | UG Investment Advisers Ltd. | $4,675M |
| #48 | Deer 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
| Country | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| United States | 45 | 42 | 41 | -1 |
| France | 2 | 3 | 3 | — |
| United Kingdom | 3 | 3 | 3 | — |
| Australia | 0 | 1 | 1 | — |
| Sweden | 0 | 1 | 1 | — |
| Taiwan | 0 | 0 | 1 | +1 |
Frequently Asked Questions
What is the largest Event Driven Hedge Fund?
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.
