Top 50 Multi-Strategy Hedge Funds 2023

2023 Top 50 Multi-Strategy Hedge Funds Overview

Multi-strategy hedge funds employ a variety of strategies to produce returns in differing market conditions. The top 50 multi-strategy hedge funds globally manage $1.9 trillion in assets as of 2023.

CItadel Investment Group, Millenium Capital Partners, and Balyasny Asset Management are the three largest multi-strategy hedge fund managers with a collective $650 billion in assets, though not all of that is in multi-strategy hedge funds.

The 10 largest multi-strategy funds, by AUM, are all based in the US.

What are multi-strategy hedge funds?
Multi-strategy hedge funds are hedge funds that use a variety of investment strategies, such as long/short equity, event-driven, and relative value. This allows them to generate returns in a variety of market conditions and reduce risk.

Multi-strategy hedge funds are typically managed by a team of experienced investment professionals who have expertise in a variety of strategies. This allows them to identify and exploit investment opportunities across a wide range of markets and asset classes.

2023 Top Multi-Strategy Hedge Funds by AUM

Top 50 Multi-Strategy Hedge Funds 2023

List of the 50 biggest multi-strat hedge funds for 2023 ranked by assets under management (AUM)

Rank Fund Name City Country AUM ($ Millions) Strategies

1 Citadel Investment Group Chicago United States $253,353 Convertibles, Multi Strategy

2 Millennium Capital Partners New York United States $218,000 Multi Strategy

3 Balyasny Asset Management Chicago United States $180,959 Multi Strategy, Global Equity, Multi Strategy

4 AQR Capital Management Greenwich United States $145,451 Multi Strategy, Managed Futures, Event Driven

5 Renaissance Technologies East Setauket United States $121,849 Crypto, Multi Strategy

6 Goldman Sachs Asset Management New York United States $106,240 Multi Strategy, Fund of Funds

7 Exoduspoint Capital Management, LP New York United States $86,211 Multi-Strategy

8 Haidar Capital Management New York United States $62,551 Global Macro, Multi Strategy, Long/Short

9 Sculptor Capital Management New York United States $55,483 Multi-Strategy, Real Estate, Credit

10 Farallon Capital Management San Francisco United States $42,196 Multi Strategy, Arbitrage, Real Estate

11 HBK Capital Management Dallas United States $33,664 Multi Strategy

12 Centerbridge Partners LP New York United States $30,945 Multi Strategy, Distressed Assets, Managed Futures

13 Wafra Investment Group New York United States $30,220 Multi Strategy

14 Kayne Anderson Capital Advisors Los Angeles United States $29,824 Private Equity, Multi Strategy

15 Magnetar Capital Evanston United States $29,448 Multi Strategy, Managed Futures, Event Driven

16 Marshall Wace London United Kingdom $28,400 Global Macro, Multi Strategy, ESG

17 Wellington Management Company LLP Boston United States $27,210 Multi Strategy, Commodities

18 Tudor Investment Corporation Stamford United States $24,884 Crypto, Multi Strategy, Global Macro

19 Silver Point Capital Greenwich United States $20,631 Multi Strategy, Distressed Assets, Credit

20 Hudson Bay Capital Management New York United States $20,121 Multi Strategy

21 Barings London United Kingdom $19,289 Fund of Funds, Multi Strategy

22 Beach Point Capital Management Santa Monica United States $19,097 Multi Strategy, Credit

23 BFAM Partners Hong Kong Hong Kong $18,965 Multi-Strategy, Credit

24 Parallax Fund San Francisco United States $18,213 Multi Strategy

25 Canyon Partners Los Angeles United States $17,892 Multi Strategy, Convertibles, Managed Futures

26 Rock Creek Washington United States $15,669 Multi Strategy, Fund of Funds

27 Commonfund Capital Wilton United States $14,691 Multi Strategy, Fixed Income, Global Equity

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

29 Lazard Alternatives New York United States $14,120 Multi Strategy, Real Estate, Long/Short

30 Laurion Capital Management New York United States $13,967 Multi Strategy

31 Paloma Partners Greenwich United States $12,944 Multi Strategy

32 Maverick Capital Dallas United States $12,527 Global Macro, Multi Strategy, Long/Short

33 Tennenbaum Capital Partners Santa Monica United States $11,354 Multi Strategy, Credit

34 Taconic Capital Advisors New York United States $11,140 Managed Futures, Multi Strategy, Event Driven

35 Aviva Investors London United Kingdom $10,510 Convertibles, Multi Strategy, Global Equity

36 JP Morgan Alternative Investments New York United States $10,208 Multi Strategy, Fund of Funds, Multi Strategy

37 BlueCrest Capital Management London United Kingdom $9,000 Multi Strategy, Managed Futures, Emerging Markets

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

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

40 Lombard Odier Darier Hentsch & Cie Petit-Lancy Switzerland $7,758 Fund of Funds, Multi Strategy, ESG

41 Tilden Park Capital Management New York United States $7,690 Multi Strategy, Credit

42 Sagard Holdings Manager LP Toronto Canada $6,536 Multi-Strategy, Credit, Real Estate

43 Magnitude Capital New York United States $6,303 Fund of Funds, Multi Strategy

44 Bardin Hill Investment Partners New York United States $6,216 Multi Strategy, Special Situations, Credit

45 Investec Asset Management London United Kingdom $6,210 Multi Strategy

46 Gramercy Greenwich United States $5,972 Multi Strategy, Emerging Markets, Distressed Assets

47 HSBC Alternative Investments London United Kingdom $5,938 Multi Strategy, Global Macro, Emerging Markets

48 Segantii Capital Management Hong Kong Hong Kong $5,825 Multi Strategy

49 HighVista Strategies Boston United States $5,400 Multi Strategy

50 Carlson Alternative Advisors Dallas United States $5,357 Private Equity, Multi Strategy, Managed Futures

$1,877,308

$37,546

Rank Country AUM ($ Millions) Strategies

Rank	Fund Name	City	Country	AUM ($ Millions)	Strategies
1	Citadel Investment Group	Chicago	United States	$253,353	Convertibles, Multi Strategy
2	Millennium Capital Partners	New York	United States	$218,000	Multi Strategy
3	Balyasny Asset Management	Chicago	United States	$180,959	Multi Strategy, Global Equity, Multi Strategy
4	AQR Capital Management	Greenwich	United States	$145,451	Multi Strategy, Managed Futures, Event Driven
5	Renaissance Technologies	East Setauket	United States	$121,849	Crypto, Multi Strategy
6	Goldman Sachs Asset Management	New York	United States	$106,240	Multi Strategy, Fund of Funds
7	Exoduspoint Capital Management, LP	New York	United States	$86,211	Multi-Strategy
8	Haidar Capital Management	New York	United States	$62,551	Global Macro, Multi Strategy, Long/Short
9	Sculptor Capital Management	New York	United States	$55,483	Multi-Strategy, Real Estate, Credit
10	Farallon Capital Management	San Francisco	United States	$42,196	Multi Strategy, Arbitrage, Real Estate
11	HBK Capital Management	Dallas	United States	$33,664	Multi Strategy
12	Centerbridge Partners LP	New York	United States	$30,945	Multi Strategy, Distressed Assets, Managed Futures
13	Wafra Investment Group	New York	United States	$30,220	Multi Strategy
14	Kayne Anderson Capital Advisors	Los Angeles	United States	$29,824	Private Equity, Multi Strategy
15	Magnetar Capital	Evanston	United States	$29,448	Multi Strategy, Managed Futures, Event Driven
16	Marshall Wace	London	United Kingdom	$28,400	Global Macro, Multi Strategy, ESG
17	Wellington Management Company LLP	Boston	United States	$27,210	Multi Strategy, Commodities
18	Tudor Investment Corporation	Stamford	United States	$24,884	Crypto, Multi Strategy, Global Macro
19	Silver Point Capital	Greenwich	United States	$20,631	Multi Strategy, Distressed Assets, Credit
20	Hudson Bay Capital Management	New York	United States	$20,121	Multi Strategy
21	Barings	London	United Kingdom	$19,289	Fund of Funds, Multi Strategy
22	Beach Point Capital Management	Santa Monica	United States	$19,097	Multi Strategy, Credit
23	BFAM Partners	Hong Kong	Hong Kong	$18,965	Multi-Strategy, Credit
24	Parallax Fund	San Francisco	United States	$18,213	Multi Strategy
25	Canyon Partners	Los Angeles	United States	$17,892	Multi Strategy, Convertibles, Managed Futures
26	Rock Creek	Washington	United States	$15,669	Multi Strategy, Fund of Funds
27	Commonfund Capital	Wilton	United States	$14,691	Multi Strategy, Fixed Income, Global Equity
28	Brummer and Partners	Stockholm	Sweden	$14,200	Long/Short, Multi Strategy, Global Macro
29	Lazard Alternatives	New York	United States	$14,120	Multi Strategy, Real Estate, Long/Short
30	Laurion Capital Management	New York	United States	$13,967	Multi Strategy
31	Paloma Partners	Greenwich	United States	$12,944	Multi Strategy
32	Maverick Capital	Dallas	United States	$12,527	Global Macro, Multi Strategy, Long/Short
33	Tennenbaum Capital Partners	Santa Monica	United States	$11,354	Multi Strategy, Credit
34	Taconic Capital Advisors	New York	United States	$11,140	Managed Futures, Multi Strategy, Event Driven
35	Aviva Investors	London	United Kingdom	$10,510	Convertibles, Multi Strategy, Global Equity
36	JP Morgan Alternative Investments	New York	United States	$10,208	Multi Strategy, Fund of Funds, Multi Strategy
37	BlueCrest Capital Management	London	United Kingdom	$9,000	Multi Strategy, Managed Futures, Emerging Markets
38	Natixis Alternative Investments	Boston	United States	$8,690	Multi Strategy, Long/Short
39	Weiss Asset Management	Boston	United States	$7,986	Multi Strategy, Long/Short, Managed Futures
40	Lombard Odier Darier Hentsch & Cie	Petit-Lancy	Switzerland	$7,758	Fund of Funds, Multi Strategy, ESG
41	Tilden Park Capital Management	New York	United States	$7,690	Multi Strategy, Credit
42	Sagard Holdings Manager LP	Toronto	Canada	$6,536	Multi-Strategy, Credit, Real Estate
43	Magnitude Capital	New York	United States	$6,303	Fund of Funds, Multi Strategy
44	Bardin Hill Investment Partners	New York	United States	$6,216	Multi Strategy, Special Situations, Credit
45	Investec Asset Management	London	United Kingdom	$6,210	Multi Strategy
46	Gramercy	Greenwich	United States	$5,972	Multi Strategy, Emerging Markets, Distressed Assets
47	HSBC Alternative Investments	London	United Kingdom	$5,938	Multi Strategy, Global Macro, Emerging Markets
48	Segantii Capital Management	Hong Kong	Hong Kong	$5,825	Multi Strategy
49	HighVista Strategies	Boston	United States	$5,400	Multi Strategy
50	Carlson Alternative Advisors	Dallas	United States	$5,357	Private Equity, Multi Strategy, Managed Futures
				$1,877,308
				$37,546
Rank			Country	AUM ($ Millions)	Strategies

Want more details on more than 400 multi-strategy hedge fund managers?

Download the Multi-Strategy Hedge Funds List in Excel format with 40 columns of information on each fund.

Key Stats on Top 50 Multi-Strategy Hedge Funds in 2023

39 of the top 50 multi-strategy hedge fund managers are based in the United States

6 of the top 50 multi strategy hedge funds for 2023 are based in the United Kingdom

2 of the 50 largest hedge funds for 2023 are based in Hong Kong

The top 50 multi-strategy hedge fund companies in the UK have $1.88 trillion USD in assets under management (AUM)

The average AUM of the top 50 multi-strategy hedge funds for 2023 is $37.6 billion USD

The median AUM of the top 50 hedge funds for 2023 is $16.8 billion USD

The average number of employees at the top 50 multi-strategy hedge funds is 32

Get the full list of all Multi-Strategy hedge funds in Excel format

The Multi-Strategy Hedge Fund List has 40 categories of detailed information on all the funds above plus overy 400 additional hedge funds based around the globe. 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 Multi-Strategy Hedge Fund List