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 $60 billion in AUM respectively, rank second and third among the biggest L/S hedge funds.
What are long/short hedge funds?
Long/short hedge funds are a type of hedge fund that takes both long and short positions in securities. Long positions are bets that the price of an asset will rise, while short positions are bets that the price of an asset will fall. By taking both long and short positions, long/short hedge funds can reduce their overall risk and generate returns in both rising and falling markets.
Long/short hedge funds typically use a variety of factors to identify undervalued and overvalued assets, including fundamental analysis, technical analysis, and quantitative analysis. Once an asset has been identified as undervalued or overvalued, the fund will take a long or short position accordingly.
Top 50 Long/Short Hedge Funds, 2023
List of the 50 biggest L/S hedge funds for 2023, ranked by assets under management (AUM)
Rank
Fund Name
City
Country
AUM ($ 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
Want more details on more than 600 long/short hedge fund managers?
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.
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