[et_pb_section fb_built=”1″ inner_shadow=”on” fullwidth=”on” admin_label=”section” _builder_version=”4.16″ background_color=”#2ea3f2″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_fullwidth_header title=”Top 50 Credit Hedge Funds for 2023″ content_max_width=”none” _builder_version=”4.21.0″ background_color=”rgba(255, 255, 255, 0)” custom_margin=”-7px|||||” custom_padding=”32px||16px|||” button_one_letter_spacing_hover=”0″ button_two_letter_spacing_hover=”0″ global_colors_info=”{}” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”on” button_one_letter_spacing__hover=”0″ button_two_letter_spacing__hover_enabled=”on” button_two_letter_spacing__hover=”0″ button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” theme_builder_area=”post_content”][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” admin_label=”section” _builder_version=”4.16″ custom_padding=”4px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_row_inner column_structure=”1_2,1_2″ admin_label=”Row” _builder_version=”4.16″ custom_padding=”18px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column_inner type=”1_2″ saved_specialty_column_type=”3_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.21.0″ border_style=”solid” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

2023 Top 50 Credit Hedge Funds Overview<\/h3>\n

The 50 largest credit hedge funds worldwide manage a little over $1.18 trillion in assets.<\/p>\n

Field Street Capital Management, with over $297 billion USD in assets is the largest credit hedge fund in the United States, as well as the world as a whole. Capula Investment Management and Cerberus Capital Management, with $118 billion and $80 billion in AUM respectively, rank second and third among the biggest fixed income \/ credit hedge funds.<\/p>\n

About three fourths of the world’s largest credit hedge funds are based in the United States.<\/p>\n

What are credit\/fixed income hedge funds?<\/b>
\nA credit hedge fund is a type of hedge fund that invests in debt securities, such as bonds, loans, and credit default swaps. Credit hedge funds use a variety of strategies to generate returns, including:<\/p>\n

Relative value credit fund:<\/b> These funds identify mispricings between different debt securities and take positions to profit from these mispricings.
\nEvent-driven credit fund:<\/b> These credit hedge funds invest in companies that are undergoing significant events, such as mergers and acquisitions, bankruptcy, or restructuring.
\nDistressed debt credit:<\/b> These credit funds invest in debt securities of companies that are in financial distress.[\/et_pb_text][\/et_pb_column_inner][et_pb_column_inner type=”1_2″ saved_specialty_column_type=”3_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_image src=”https:\/\/hedgelists.com\/wp-content\/uploads\/2023\/05\/2023-Largest-Credit-Hedge-Funds-by-AUM.jpg” alt=”2023 Largest Credit Hedge Funds by AUM” title_text=”2023 Largest Credit Hedge Funds by AUM” _builder_version=”4.21.0″ _module_preset=”default” max_height=”604px” global_colors_info=”{}” transform_styles__hover_enabled=”on|hover” transform_scale__hover_enabled=”on|hover” transform_translate__hover_enabled=”on|desktop” transform_rotate__hover_enabled=”on|desktop” transform_skew__hover_enabled=”on|desktop” transform_origin__hover_enabled=”on|desktop” transform_scale__hover=”156%|156%” theme_builder_area=”post_content”][\/et_pb_image][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.21.0″ border_style=”solid” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Top 50 Credit Hedge Funds for 2023<\/strong><\/h2>\n

List of the 50 biggest credit and fixed income hedge funds for 2023, ranked by assets under management (AUM)<\/h4>\n

\n

\n \n \n\n \n \n \n \n\n\n Rank<\/th> Fund Name<\/th> City<\/th> Country<\/th> AUM ($ Millions)<\/th> Strategies<\/th> <\/tr>\n<\/thead>\n \n\n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rank<\/td> <\/td> <\/td> Country<\/td> AUM ($ Millions)<\/td> Strategies<\/td> <\/tr>\n <\/tfoot>\n \n <\/table>\n\n<\/div>

1<\/td>\n	Field Street Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$297,961<\/td>\n	Credit, Global Macro<\/td>\n <\/tr>\n
2<\/td>\n	Capula Investment Management LLP<\/td>\n	London<\/td>\n	United Kingdom<\/td>\n	$118,360<\/td>\n	Absolute Returns, Credit<\/td>\n <\/tr>\n
3<\/td>\n	Cerberus Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$80,581<\/td>\n	Credit, Real Estate, Private Equity<\/td>\n <\/tr>\n
4<\/td>\n	III Capital<\/td>\n	Boca Raton<\/td>\n	United States<\/td>\n	$57,116<\/td>\n	Credit<\/td>\n <\/tr>\n
5<\/td>\n	GoldenTree Asset Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$51,980<\/td>\n	Credit, Absolute Returns, Real Estate<\/td>\n <\/tr>\n
6<\/td>\n	Element Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$48,491<\/td>\n	Global Macro, Credit<\/td>\n <\/tr>\n
7<\/td>\n	Symmetry Investments<\/td>\n	Hong Kong<\/td>\n	Hong Kong<\/td>\n	$36,435<\/td>\n	Credit<\/td>\n <\/tr>\n
8<\/td>\n	Apollo Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$32,680<\/td>\n	Managed Futures, Credit<\/td>\n <\/tr>\n
9<\/td>\n	Anchorage Capital Group<\/td>\n	New York<\/td>\n	United States<\/td>\n	$32,324<\/td>\n	Credit, Event Driven, Long\/Short<\/td>\n <\/tr>\n
10<\/td>\n	Benefit Street Partners<\/td>\n	New York<\/td>\n	United States<\/td>\n	$27,535<\/td>\n	Credit<\/td>\n <\/tr>\n
11<\/td>\n	Marathon Asset Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$26,228<\/td>\n	Credit, Emerging Markets, Distressed Assets<\/td>\n <\/tr>\n
12<\/td>\n	Beach Point Capital Management<\/td>\n	Santa Monica<\/td>\n	United States<\/td>\n	$19,097<\/td>\n	Multi Strategy, Credit<\/td>\n <\/tr>\n
13<\/td>\n	BFAM Partners<\/td>\n	Hong Kong<\/td>\n	Hong Kong<\/td>\n	$18,965<\/td>\n	Multi-Strategy, Credit<\/td>\n <\/tr>\n
14<\/td>\n	Algebris Investments<\/td>\n	London<\/td>\n	United Kingdom<\/td>\n	$17,877<\/td>\n	Credit, UCITS, Emerging Markets<\/td>\n <\/tr>\n
15<\/td>\n	MJX Asset Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$17,314<\/td>\n	CDO, Credit<\/td>\n <\/tr>\n
16<\/td>\n	Waterfall Asset Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$15,492<\/td>\n	MBS, Credit<\/td>\n <\/tr>\n
17<\/td>\n	Onex Credit Partners<\/td>\n	Toronto<\/td>\n	Canada<\/td>\n	$15,200<\/td>\n	Credit<\/td>\n <\/tr>\n
18<\/td>\n	Knighthead Capital Management, LLC<\/td>\n	New York<\/td>\n	United States<\/td>\n	$14,734<\/td>\n	Long\/Short, Credit, Event Driven<\/td>\n <\/tr>\n
19<\/td>\n	Bayview Asset Management<\/td>\n	Coral Gables<\/td>\n	United States<\/td>\n	$14,700<\/td>\n	Credit<\/td>\n <\/tr>\n
20<\/td>\n	BlueMountain Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$14,408<\/td>\n	Long\/Short, Credit<\/td>\n <\/tr>\n
21<\/td>\n	Diameter Capital Partners<\/td>\n	New York<\/td>\n	United States<\/td>\n	$13,360<\/td>\n	Credit<\/td>\n <\/tr>\n
22<\/td>\n	MSD Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$13,055<\/td>\n	Credit, Global Macro<\/td>\n <\/tr>\n
23<\/td>\n	Hildene Capital Management<\/td>\n	Stamford<\/td>\n	United States<\/td>\n	$12,924<\/td>\n	Distressed Assets, Credit<\/td>\n <\/tr>\n
24<\/td>\n	Napier Park Global Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$11,677<\/td>\n	Credit<\/td>\n <\/tr>\n
25<\/td>\n	Aristeia Capital<\/td>\n	Greenwich<\/td>\n	United States<\/td>\n	$11,417<\/td>\n	Absolute Returns, Credit, ESG<\/td>\n <\/tr>\n
26<\/td>\n	Tennenbaum Capital Partners<\/td>\n	Santa Monica<\/td>\n	United States<\/td>\n	$11,354<\/td>\n	Multi Strategy, Credit<\/td>\n <\/tr>\n
27<\/td>\n	Ellington Management Group<\/td>\n	Old Greenwich<\/td>\n	United States<\/td>\n	$10,543<\/td>\n	ABS, Credit<\/td>\n <\/tr>\n
28<\/td>\n	Saba Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$9,703<\/td>\n	Credit<\/td>\n <\/tr>\n
29<\/td>\n	Redwood Capital Management<\/td>\n	Englewood Cliffs<\/td>\n	United States<\/td>\n	$9,396<\/td>\n	Credit<\/td>\n <\/tr>\n
30<\/td>\n	CSOP Asset Management<\/td>\n	Hong Kong<\/td>\n	Hong Kong<\/td>\n	$9,195<\/td>\n	Credit, Emerging Markets<\/td>\n <\/tr>\n
31<\/td>\n	400 Capital Management LLC<\/td>\n	New York<\/td>\n	United States<\/td>\n	$9,115<\/td>\n	Credit<\/td>\n <\/tr>\n
32<\/td>\n	LibreMax Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$8,846<\/td>\n	Distressed Assets, Credit<\/td>\n <\/tr>\n
33<\/td>\n	Tilden Park Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$7,690<\/td>\n	Multi Strategy, Credit<\/td>\n <\/tr>\n
34<\/td>\n	<\/td>\n	Paris<\/td>\n	France<\/td>\n	$7,620<\/td>\n	Credit, Event Driven, Real Estate<\/td>\n <\/tr>\n
35<\/td>\n	Oak Hill Advisors<\/td>\n	New York<\/td>\n	United States<\/td>\n	$7,580<\/td>\n	Credit, Distressed Assets<\/td>\n <\/tr>\n
36<\/td>\n	Atalaya Capital Management LP<\/td>\n	New York<\/td>\n	United States<\/td>\n	$7,510<\/td>\n	Credit, Special Situations<\/td>\n <\/tr>\n
37<\/td>\n	Axonic Capital LLC<\/td>\n	New York<\/td>\n	United States<\/td>\n	$7,414<\/td>\n	Long\/Short, Credit<\/td>\n <\/tr>\n
38<\/td>\n	Blue Mountain Capital Partners<\/td>\n	London<\/td>\n	United Kingdom<\/td>\n	$7,100<\/td>\n	Managed Futures, Credit<\/td>\n <\/tr>\n
39<\/td>\n	Sagard Holdings Manager LP<\/td>\n	Toronto<\/td>\n	Canada<\/td>\n	$6,536<\/td>\n	Multi-Strategy, Credit, Real Estate<\/td>\n <\/tr>\n
40<\/td>\n	HPS Investment Partners<\/td>\n	New York<\/td>\n	United States<\/td>\n	$6,350<\/td>\n	Credit<\/td>\n <\/tr>\n
41<\/td>\n	Deer Park Road Corp<\/td>\n	Steamboat Springs<\/td>\n	United States<\/td>\n	$6,114<\/td>\n	Distressed Assets, Credit, Long\/Short<\/td>\n <\/tr>\n
42<\/td>\n	Fir Tree Partners<\/td>\n	New York<\/td>\n	United States<\/td>\n	$4,981<\/td>\n	Credit<\/td>\n <\/tr>\n
43<\/td>\n	Elementum Advisors<\/td>\n	Chicago<\/td>\n	United States<\/td>\n	$4,469<\/td>\n	Credit, Distressed Assets, Insurance<\/td>\n <\/tr>\n
44<\/td>\n	Birch Grove Capital<\/td>\n	New York<\/td>\n	United States<\/td>\n	$3,802<\/td>\n	Credit<\/td>\n <\/tr>\n
45<\/td>\n	Gates Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$3,793<\/td>\n	Event Driven, Credit, Fixed Income<\/td>\n <\/tr>\n
46<\/td>\n	Nantahala Capital Management<\/td>\n	Darien<\/td>\n	United States<\/td>\n	$3,539<\/td>\n	Equity, Credit<\/td>\n <\/tr>\n
47<\/td>\n	Ionic Capital Management<\/td>\n	New York<\/td>\n	United States<\/td>\n	$3,486<\/td>\n	Credit<\/td>\n <\/tr>\n
48<\/td>\n	Coolabah Capital Institutional Investments Pty Limited<\/td>\n	Sydney<\/td>\n	Australia<\/td>\n	$2,970<\/td>\n	Long\/Short, Credit<\/td>\n <\/tr>\n
49<\/td>\n	Tikehau Capital<\/td>\n	Paris<\/td>\n	France<\/td>\n	$2,360<\/td>\n	Credit, Special Situations<\/td>\n <\/tr>\n
50<\/td>\n	Axiom Alternative Investments<\/td>\n	Paris<\/td>\n	France<\/td>\n	$2,116<\/td>\n	Long\/Short, Credit, ESG<\/td>\n <\/tr>\n <\/tbody> \n\n \n \n