Top 50 Long/Short Hedge Funds 2023

2023 Top 50 Long/Short Hedge Funds Overview

The 50 biggest long-short hedge funds collectively manage almost one trillion in assets.

Bridgewater Associates, with over $235 billion USD in assets is the largest long/short hedge fund manager in the US, as well as the world as a whole. Two Sigma International and Viking Global Investors, with $81 billion and $60 billion in AUM respectively, rank second and third among the biggest L/S hedge funds.

What are long/short hedge funds?
Long/short hedge funds are a type of hedge fund that takes both long and short positions in securities. Long positions are bets that the price of an asset will rise, while short positions are bets that the price of an asset will fall. By taking both long and short positions, long/short hedge funds can reduce their overall risk and generate returns in both rising and falling markets.

Long/short hedge funds typically use a variety of factors to identify undervalued and overvalued assets, including fundamental analysis, technical analysis, and quantitative analysis. Once an asset has been identified as undervalued or overvalued, the fund will take a long or short position accordingly.

2023 Largest Long Short (L/S Equity) Hedge Funds by AUM

Top 50 Long/Short Hedge Funds, 2023

List of the 50 biggest L/S hedge funds for 2023, ranked by assets under management (AUM)

Rank Fund Name City Country AUM ($ Millions) Strategies

1 Bridgewater Associates Westport United States $235,542 Long/Short, Global Macro

2 Two Sigma International Limited London United Kingdom $81,175 Long/Short

3 Viking Global Investors Greenwich United States $59,833 Global Macro, Long/Short

4 Select Equity New York United States $58,473 Equity, Long/Short

5 Lighthouse Investment Partners Palm Beach Gardens United States $51,918 Fund of Funds, Long/Short, Managed Futures

6 Lone Pine Capital Greenwich United States $35,538 Long/Short, Emerging Markets

7 Baupost Group Boston United States $31,606 Global Equity, Long/Short, Value

8 Polar Capital Partners London United Kingdom $30,348 Long/Short, Convertibles

9 Holocene Advisors New York United States $28,349 Long/Short

10 Egerton Capital London United Kingdom $24,344 Long/Short

11 Lyxor Asset Management Paris France $24,152 Convertibles, Long/Short, Distressed Assets

12 TIG Advisors New York United States $22,140 Global Equity, Long/Short, Event Driven

13 Arrowstreet Capital Boston United States $19,600 Emerging Markets, Long/Short

14 Altimeter Capital Boston United States $17,950 Long/Short

15 Sprott Asset Management Toronto Canada $17,868 Small Cap, Long/Short, Commodities

16 Knighthead Capital Management, LLC New York United States $14,734 Long/Short, Credit, Event Driven

17 BlueMountain Capital New York United States $14,408 Long/Short, Credit

18 RWC London London United Kingdom $14,407 Absolute Returns, Long/Short, Emerging Markets

19 Brummer and Partners Stockholm Sweden $14,200 Long/Short, Multi Strategy, Global Macro

20 Soroban Capital Partners New York United States $13,722 Long/Short

21 Woodline Partners San Francisco United States $13,521 Long/Short

22 Entrust Permal New York United States $13,454 Fund of Funds, Long/Short

23 ValueAct Capital San Francisco United States $13,233 Long/Short, Activist, ESG

24 Janus Henderson London United Kingdom $12,231 Global Macro, Long/Short

25 Steadfast Financial LP New York United States $11,134 Long/Short

26 Senator Investment Group New York United States $9,060 Long/Short

27 Natixis Alternative Investments Boston United States $8,690 Multi Strategy, Long/Short

28 Libra Advisors New York United States $8,338 Long/Short

29 Weiss Asset Management Boston United States $7,986 Multi Strategy, Long/Short, Managed Futures

30 Axonic Capital LLC New York United States $7,414 Long/Short, Credit

31 The Children's Investment Fund Foundation London United Kingdom $7,000 Long/Short

32 Gordian Capital Singapore Singapore $6,693 Fund of Funds, Long/Short, Real Estate

33 Amundi Alternative Investments Paris France $6,580 Fund of Funds, Long/Short

34 Odey Asset Management London United Kingdom $4,785 Absolute Returns, Long/Short

35 GMT Capital Atlanta United States $4,752 Long/Short, Value

36 Aspect Capital London United Kingdom $4,524 Managed Futures, Long/Short

37 Ward Ferry Management Hong Kong Hong Kong $4,155 Long/Short

38 Exane Asset Management Paris France $3,950 Long/Short, Absolute Returns

39 Gotham Asset Management New York United States $3,754 Long/Short

40 Triasima Portfolio Management Inc. Montreal, Quebec Canada $3,733 ESG, Long/Short, Global Equities

41 Ivory Investment Management Los Angeles United States $3,581 Value, Long/Short

42 Anomaly Capital Management New York United States $3,553 Long/Short

43 Long Pond Capital New York United States $3,425 Long/Short

44 Coolabah Capital Institutional Investments Pty Limited Sydney Australia $2,970 Long/Short, Credit

45 Cadian Capital New York United States $2,837 Long/Short

46 Scopia Capital New York United States $2,693 Long/Short, Event Driven

47 Basswood Capital Management New York United States $2,623 Long/Short, Value, Managed Futures

48 Luminus Management New York United States $2,399 Long/Short

49 Toscafund Asset Management London United Kingdom $2,344 Long/Short, Event Driven, Real Estate

50 APS Asset Management Singapore Singapore $2,341 Global Equity, Long/Short

Rank Country AUM ($ Millions) Strategies

Rank	Fund Name	City	Country	AUM ($ Millions)	Strategies
1	Bridgewater Associates	Westport	United States	$235,542	Long/Short, Global Macro
2	Two Sigma International Limited	London	United Kingdom	$81,175	Long/Short
3	Viking Global Investors	Greenwich	United States	$59,833	Global Macro, Long/Short
4	Select Equity	New York	United States	$58,473	Equity, Long/Short
5	Lighthouse Investment Partners	Palm Beach Gardens	United States	$51,918	Fund of Funds, Long/Short, Managed Futures
6	Lone Pine Capital	Greenwich	United States	$35,538	Long/Short, Emerging Markets
7	Baupost Group	Boston	United States	$31,606	Global Equity, Long/Short, Value
8	Polar Capital Partners	London	United Kingdom	$30,348	Long/Short, Convertibles
9	Holocene Advisors	New York	United States	$28,349	Long/Short
10	Egerton Capital	London	United Kingdom	$24,344	Long/Short
11	Lyxor Asset Management	Paris	France	$24,152	Convertibles, Long/Short, Distressed Assets
12	TIG Advisors	New York	United States	$22,140	Global Equity, Long/Short, Event Driven
13	Arrowstreet Capital	Boston	United States	$19,600	Emerging Markets, Long/Short
14	Altimeter Capital	Boston	United States	$17,950	Long/Short
15	Sprott Asset Management	Toronto	Canada	$17,868	Small Cap, Long/Short, Commodities
16	Knighthead Capital Management, LLC	New York	United States	$14,734	Long/Short, Credit, Event Driven
17	BlueMountain Capital	New York	United States	$14,408	Long/Short, Credit
18	RWC London	London	United Kingdom	$14,407	Absolute Returns, Long/Short, Emerging Markets
19	Brummer and Partners	Stockholm	Sweden	$14,200	Long/Short, Multi Strategy, Global Macro
20	Soroban Capital Partners	New York	United States	$13,722	Long/Short
21	Woodline Partners	San Francisco	United States	$13,521	Long/Short
22	Entrust Permal	New York	United States	$13,454	Fund of Funds, Long/Short
23	ValueAct Capital	San Francisco	United States	$13,233	Long/Short, Activist, ESG
24	Janus Henderson	London	United Kingdom	$12,231	Global Macro, Long/Short
25	Steadfast Financial LP	New York	United States	$11,134	Long/Short
26	Senator Investment Group	New York	United States	$9,060	Long/Short
27	Natixis Alternative Investments	Boston	United States	$8,690	Multi Strategy, Long/Short
28	Libra Advisors	New York	United States	$8,338	Long/Short
29	Weiss Asset Management	Boston	United States	$7,986	Multi Strategy, Long/Short, Managed Futures
30	Axonic Capital LLC	New York	United States	$7,414	Long/Short, Credit
31	The Children's Investment Fund Foundation	London	United Kingdom	$7,000	Long/Short
32	Gordian Capital	Singapore	Singapore	$6,693	Fund of Funds, Long/Short, Real Estate
33	Amundi Alternative Investments	Paris	France	$6,580	Fund of Funds, Long/Short
34	Odey Asset Management	London	United Kingdom	$4,785	Absolute Returns, Long/Short
35	GMT Capital	Atlanta	United States	$4,752	Long/Short, Value
36	Aspect Capital	London	United Kingdom	$4,524	Managed Futures, Long/Short
37	Ward Ferry Management	Hong Kong	Hong Kong	$4,155	Long/Short
38	Exane Asset Management	Paris	France	$3,950	Long/Short, Absolute Returns
39	Gotham Asset Management	New York	United States	$3,754	Long/Short
40	Triasima Portfolio Management Inc.	Montreal, Quebec	Canada	$3,733	ESG, Long/Short, Global Equities
41	Ivory Investment Management	Los Angeles	United States	$3,581	Value, Long/Short
42	Anomaly Capital Management	New York	United States	$3,553	Long/Short
43	Long Pond Capital	New York	United States	$3,425	Long/Short
44	Coolabah Capital Institutional Investments Pty Limited	Sydney	Australia	$2,970	Long/Short, Credit
45	Cadian Capital	New York	United States	$2,837	Long/Short
46	Scopia Capital	New York	United States	$2,693	Long/Short, Event Driven
47	Basswood Capital Management	New York	United States	$2,623	Long/Short, Value, Managed Futures
48	Luminus Management	New York	United States	$2,399	Long/Short
49	Toscafund Asset Management	London	United Kingdom	$2,344	Long/Short, Event Driven, Real Estate
50	APS Asset Management	Singapore	Singapore	$2,341	Global Equity, Long/Short
Rank			Country	AUM ($ Millions)	Strategies

Want more details on more than 600 long/short hedge fund managers?

Download the Long/Short Hedge Funds List in Excel format with 40 columns of information on each fund.

Key Stats on Top 50 Long/Short Hedge Funds in 2023

31 of the top 50 L/S hedge fund managers are based in the United States

9 of the top 50 long/short hedge funds are based in the United Kingdom

3 of the 50 largest long/short hedge funds for 2023 iare based in France

The top 50 long/short hedge fund companies in the world have $994 billion in AUM

The average AUM of the top 50 L/S hedge funds for 2023 is $19.9 billion USD

The median AUM of the top 50 long short hedge funds for 2023 is $10.1 billion USD

The average number of employees at the top 50 UK hedge funds is 30

Get the full list of all Long/Short hedge funds in Excel format

The L/S Hedge Fund List has 40 categories of detailed information on all the funds above plus overy 600 additional long/short hedge funds. Everything from website to emails to senior staff, hiring status, number of clients and more is included. And it’s delivered in Excel format for easy use with any spreadsheet program or contact management system.

View full details of the Long/Short Hedge Fund List