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 $650 billion in assets, though not all of that is in multi-strategy hedge funds.
The 10 largest multi-strategy funds, by AUM, are all based in the US.
What are multi-strategy hedge funds?
Multi-strategy hedge funds are hedge funds that use a variety of investment strategies, such as long/short equity, event-driven, and relative value. This allows them to generate returns in a variety of market conditions and reduce risk.
Multi-strategy hedge funds are typically managed by a team of experienced investment professionals who have expertise in a variety of strategies. This allows them to identify and exploit investment opportunities across a wide range of markets and asset classes.
Top 50 Multi-Strategy Hedge Funds 2023
List of the 50 biggest multi-strat hedge funds for 2023 ranked by assets under management (AUM)
Rank
Fund Name
City
Country
AUM ($ 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
Want more details on more than 400 multi-strategy hedge fund managers?
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.
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