Top 50 Global Macro Hedge Funds 2026
The 50 largest Global Macro Hedge Funds manage approximately $1.51 trillion in combined assets as of 2026, up 3.0% from 2025. The ten largest funds alone account for approximately $907 billion of that total.
Rokos Capital Management leads the rankings at $230B in AUM, based in London. Alphadyne Asset Management ranks second at $147B, followed by Garda Capital at $107B.
United States is the most represented location with 58% of the top 50 funds and 68% of total assets under management.
There are 1 new entrants to the top 50 in 2026 and 1 funds that dropped off compared to 2025.
Total AUM — Top 50 Global Macro Hedge Funds 2026
Country Distribution
This ranking shows the top managers by AUM. The complete Global Macro Hedge Fund List covers every fund with verified emails, AUM, and 40 data fields — Excel/CSV, one-time purchase with 12 months of updates.
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Ranked by assets under management (AUM). Click any column to sort. Fund names link to detailed profiles.
| Rank | Δ | Fund Name | City | Country | AUM ($M) |
|---|---|---|---|---|---|
| 1 | — | Rokos Capital Management | London | United Kingdom | 229,815.4 |
| 2 | ▴2 | Alphadyne Asset Management | New York | United States | 147,366.2 |
| 3 | ▾1 | Garda Capital | Minneapolis | United States | 106,636.6 |
| 4 | ▾1 | Bridgewater Associates | Westport | United States | 97,886.6 |
| 5 | ▴3 | Tudor Investment Corporation | Stamford | United States | 83,565.5 |
| 6 | — | Fortress Investment Group | New York | United States | 71,327.4 |
| 7 | — | Viking Global Investors | Greenwich | United States | 69,789.5 |
| 8 | ▴1 | Brevan Howard Asset Management | London | United Kingdom | 58,630.0 |
| 9 | ▴1 | Och-Ziff Capital Management | New York | United States | 44,025.8 |
| 10 | ▴2 | Man Group | London | United Kingdom | 41,696.0 |
| 11 | — | Tenaron Capital Management | New York | United States | 40,039.4 |
| 12 | ▾7 | Element Capital Management | New York | United States | 40,030.5 |
| 13 | ▴4 | Field Street Capital Management | New York | United States | 36,005.8 |
| 14 | ▾1 | BlackRock Alternative Advisors | New York | United States | 33,250.0 |
| 15 | ▴7 | Marshall Wace | London | United Kingdom | 33,003.7 |
| 16 | — | King Street Capital Management | New York | United States | 32,316.1 |
| 17 | ▾2 | Lansdowne Partners | London | United Kingdom | 31,740.0 |
| 18 | ▴5 | Graham Capital Management | Rowayton | United States | 28,538.3 |
| 19 | ▾5 | Moore Capital Management | New York | United States | 27,984.0 |
| 20 | ▾1 | Haidar Capital Management | New York | United States | 21,921.1 |
| 21 | — | Grantham, Mayo, Van Otterloo & Co. | Boston | United States | 18,960.0 |
| 22 | ▾2 | Algebris Investments | London | United Kingdom | 16,079.5 |
| 23 | ▴2 | Danske Capital | Copenhagen | Denmark | 15,500.0 |
| 24 | ▴2 | LMR Partners | London | United Kingdom | 15,350.0 |
| 25 | ▴4 | Gordian Capital | Singapore | Singapore | 14,968.6 |
| 26 | ▴2 | Brummer and Partners | Stockholm | Sweden | 14,200.0 |
| 27 | ▾3 | Lindsell Train Limited | London | United Kingdom | 13,980.9 |
| 28 | ▾1 | Pharo Management | New York | United States | 12,421.0 |
| 29 | ▴1 | Whitebox Advisors | Minneapolis | United States | 11,045.1 |
| 30 | ▴3 | Maverick Capital | Dallas | United States | 10,287.8 |
| 31 | ▴3 | PointState Capital | New York | United States | 9,399.1 |
| 32 | ▾1 | Panagora | Boston | United States | 9,110.0 |
| 33 | ▾1 | BlueCrest Capital Management | London | United Kingdom | 9,000.0 |
| 34 | ▴2 | SPX Capital | Rio de Janeiro | Brazil | 6,150.0 |
| 35 | — | Corbin Capital Partners | New York | United States | 6,038.2 |
| 36 | ▴1 | Stone Milliner Asset Management | London | United Kingdom | 5,380.0 |
| 37 | ▴1 | Dymon Asia | Singapore | Singapore | 5,200.0 |
| 38 | ▴1 | Ellerston Capital | Sydney | Australia | 5,120.0 |
| 39 | ▴1 | Cantab Capital Partners | Cambridge | United Kingdom | 4,910.0 |
| 40 | ▴4 | Discovery Capital Management | Norwalk | United States | 4,297.3 |
| 41 | — | HSBC Alternative Investments | London | United Kingdom | 4,094.5 |
| 42 | ▴3 | Oxford Asset Management | Oxford | United Kingdom | 3,752.7 |
| 43 | ▾25 | Caxton Associates | New York | United States | 3,747.8 |
| 44 | ▾2 | Quantedge | Singapore | Singapore | 3,100.0 |
| 45 | ▴1 | Kepos Capital LP | New York | United States | 2,172.4 |
| 46 | ▴1 | Ironbark Asset Management | Sydney | Australia | 2,150.0 |
| 47 | ▴1 | Highline Capital Management | New York | United States | 1,766.7 |
| 48 | ▴1 | Statar Capital | Miami | United States | 1,700.0 |
| 49 | NEW | Key Square Capital Management | New York | United States | 1,488.5 |
| 50 | ▾7 | PAR Capital Management | Boston | United States | 1,368.4 |
Top 10 Funds — AUM Comparison ($B)
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🔺 Biggest AUM Gainers
| Fund | $ Change | % Change |
| Rokos Capital Management | +$57.4B | +33.3% |
| Alphadyne Asset Management | +$32.1B | +27.8% |
| Tudor Investment Corporation | +$20.0B | +31.4% |
| Marshall Wace | +$14.1B | +74.9% |
| Graham Capital Management | +$9.9B | +53.1% |
🆕 New Entrants
| Rank | Fund | AUM |
| #49 | Key Square Capital Management | $1,489M |
📉 Dropped from List
| Verde Asset Management |
📊 Fastest Growing (%)
| Marshall Wace | +74.9% |
| Discovery Capital Management | +68.4% |
| Oxford Asset Management | +64.7% |
| Graham Capital Management | +53.1% |
| Rokos Capital Management | +33.3% |
Key Statistics
- 29 of the top 50 are based in United States (58%)
- 13 of the top 50 are based in United Kingdom (26%)
- 3 of the top 50 are based in Singapore (6%)
- 2 of the top 50 are based in Australia (4%)
- 1 of the top 50 are based in Denmark (2%)
- The top 50 funds manage $1.51 trillion in combined AUM
- The top 10 funds alone manage $950.7 billion — 63% of the total
- Average AUM of the top 50 is $30.2 billion
- Median AUM is $14.2 billion
- Combined AUM increased 3.0% from 2025
Geographic Distribution Trends
| Country | 2024 | 2025 | 2026 | YoY Δ |
|---|---|---|---|---|
| United States | 31 | 28 | 29 | +1 |
| United Kingdom | 15 | 13 | 13 | — |
| Singapore | 1 | 3 | 3 | — |
| Australia | 0 | 2 | 2 | — |
| Brazil | 1 | 2 | 1 | -1 |
| Denmark | 1 | 1 | 1 | — |
| Sweden | 1 | 1 | 1 | — |
Frequently Asked Questions
What is the largest Global Macro Hedge Fund?
As of 2026, Rokos Capital Management is the largest with approximately $230B in assets under management, based in London.
How much do the top 50 Global Macro Hedge Funds manage?
The 50 largest collectively manage approximately $1.51 trillion in AUM as of 2026, an increase of 3.0% from the prior year.
Which location has the most Global Macro Hedge Funds?
United States is home to 58% of the top 50 Global Macro Hedge Funds, making it the most represented location.
