hedge fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...
s in the world ranked by discretionary assets under management (AUM) as of mid-2022. Only assets in private funds following hedge fund strategies are counted. Some of these managers also manage public funds and offer non-hedge fund strategies.
The data for this table comes from ''Pensions & Investments'' with data compiled in the second quarter of 2022.
Notable hedge fund firms
Americas
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Acadian Asset Management
Acadian Asset Management (Acadian) is an American investment management firm headquartered in Boston with additional offices in London, Singapore and Sydney. The firm is noted for its usage of Quantitative analysis and strategies when making in ...
AlphaSimplex Group
AlphaSimplex Group (AlphaSimplex) is an American investment management firm based in Boston. The firm relies on quantitative analysis for its approach to investing.
On October 20, 2022, it was announced that Natixis Investment Managers would ...
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Altimeter Capital
Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. The firm focuses on technology investments in both public and private markets globally.
Background
In 2008, Brad Gerstner founded Alt ...
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Angelo Gordon
Angelo Gordon is a global alternative investment manager founded in November 1988 by John M. Angelo and Michael L. Gordon who together ran the arbitrage department of L.F. Rothschild in the 1980s.
The firm is 100% employee-owned, SEC-registered, ...
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Appaloosa Management
Appaloosa Management is an American hedge fund founded in 1993 by David Tepper and Jack Walton specializing in distressed debt. Appaloosa Management invests in public equity and fixed income markets around the world.
History
In 1993, David Teppe ...
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Archegos Capital Management
Archegos Capital Management was a limited partnership family office that managed the personal assets of Bill Hwang, at one time managing over $36 billion in assests. On April 27, 2022 Hwang was indicted and arrested on federal charges of fraud a ...
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Assured Investment Management
Assured Investment Management previously BlueMountain Capital Management and Assured Guaranty, is a diversified alternative asset manager founded in 2003 based in the United States'.
Company
BlueMountain was formed in 2003 with offices in New Yor ...
Avenue Capital Group
Avenue Capital Group is an American multinational investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equ ...
Bridgewater Associates
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.
It utilizes a globa ...
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Canyon Capital Advisors
Canyon Partners is an employee-owned hedge fund founded by Joshua S. Friedman and Mitchell R. Julis in 1990 located in Los Angeles, California.
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Citadel LLC
Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth C. Griffin, it has more than $50 billion in assets under management . The company ...
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Clarium Capital
Clarium Capital Management LLC is an American investment management and hedge fund company pursuing a global macro strategy. It was founded in San Francisco in 2002 by Peter Thiel, co-founder of PayPal and early investor in Facebook.
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Coatue Management
Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont.
Coatue invests in public and private markets with a focus on technology, media, telecommunications. the consumer and healthcare se ...
Davidson Kempner Capital Management
Davidson Kempner Capital Management LP (“Davidson Kempner”) is a global institutional alternative investment management firm with over $38 billion in assets under management. Davidson Kempner is headquartered in New York City, with additional ...
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Discovery Capital Management
Discovery Capital Management is an American hedge fund, with a focus on emerging markets. It was co-founded in 1999 by Robert Citrone
Robert K. Citrone (born 1964) is an American billionaire hedge fund manager, the co-founder of Discovery Ca ...
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Dragoneer Investment Group
The Dragoneer Investment Group (Dragoneer) is an American investment firm based in San Francisco, California. The firm focuses on technology investments in both public and private markets globally.
Background
Dragoneer is based in San Francis ...
ESL Investments
ESL Investments is a privately owned hedge fund based in Greenwich, Connecticut.
History
ESL Investments is managed by Edward Lampert, who founded it in April 1988 and named it after his initials. The firm invests in the American public equit ...
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Farallon Capital
Farallon Capital Management, L.L.C. is an American multi-strategy hedge fund headquartered in San Francisco, California. Founded by Tom Steyer in 1986, the firm employs approximately 230 professionals in eight countries around the world.
Farall ...
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Fortress Investment Group
Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 200 ...
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GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is an American alternative asset management firm, with approximately $74 billion in assets under management and approximately 530 professionals as of 2023.
GCM Grosvenor manages assets on behalf of a global client bas ...
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Glenview Capital Management
Glenview Capital Management is a hedge fund founded in 2000 with approximately $7.7 billion of capital under management as of March 2019. Glenview manages capital for investors through a series of private investment funds. The firm was founded by L ...
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GoldenTree Asset Management
GoldenTree Asset Management is an American asset management firm that was founded in 2000. The firm has its headquarters in New York City and offices in Charlotte, North Carolina, Dublin, London, Singapore, Sydney, Tokyo, and West Palm Beach.
...
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Gramercy Funds Management
Gramercy Funds Management is an investment manager dedicated to emerging markets.
Gramercy was founded in 1998 by Robert Koenigsberger, who acts as Managing Partner and Chief Investment Officer The chief investment officer (CIO) is a job title f ...
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Greenlight Capital
Greenlight Capital is a hedge fund founded in 1996 by David Einhorn (hedge fund manager), David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its sho ...
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Harbinger Capital
Harbinger Capital Partners is a private hedge fund based in New York City, New York, founded by Philip Falcone. Harbinger is a highly diversified multi-strategy hedge fund. Notable investments have included sub-prime mortgages in the United St ...
Highbridge Capital Management
Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under m ...
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Highfields Capital Management
Highfields Capital Management LP is a hedge fund founded in 1998 which had assets of $12.1 billion in 2018. The annualized net returns during the firm's first 20 years were more than 10%.
Business
Richard Grubman and Jonathon Jacobson met at an i ...
JANA Partners LLC
JANA Partners LLC ("JANA" or "JANA Partners") is an investment manager specializing in event-driven investing. It was founded in 2001 by Barry Rosenstein. JANA engages in traditional shareholder activism and socially responsible investing.
Hi ...
Lone Pine Capital
Lone Pine Capital is an American-based hedge fund and investment advisor headquartered in Greenwich, Connecticut, established in 1997 by its president and portfolio manager, Stephen Mandel. The firm has offices in London, New York City, and San F ...
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Magnetar Capital
Magnetar Capital is a hedge fund based in Evanston, Illinois. The firm was founded in 2005 and invests in fixed income, energy, quantitative and event-driven strategies. The firm was actively involved in the collateralized debt obligation (CDO) m ...
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Marathon Asset Management
Marathon Asset Management, LP is an investment manager focused on opportunistic investing in credit and fixed income markets globally. Marathon manages a family of investment programs principally focused on credit strategies including hedge funds, ...
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Maverick Capital
Maverick Capital is an American hedge fund firm. It was founded by Lee Ainslie in 1993, who was a " Tiger Cub" under Julian Robertson at Tiger Management, helped raise $38 million in capital by the family of Texas entrepreneur Sam Wyly
Samuel ...
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Millennium Management, LLC
Millennium Management is an investment management firm with a multistrategy hedge fund offering. It is one of the world's largest alternative asset management firms with over $50 billion assets under management. The firm operates in America, Euro ...
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Moore Capital Management
Moore Capital Management LP (MCM) is a New York-based, global investment management firm headquartered in New York, New York.OrbiMed
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Ospraie Management, LLC
Ospraie Management, LLC is a New York City-based investment management firm that invests in commodities and basic industries worldwide across public and private markets. The company, through its venture arm, makes agriculture-focused investments t ...
Pantera Capital
Pantera Capital is an American hedge fund that specializes in cryptocurrencies. It is the largest crypto hedge fund in the world by AUM.
The firm was founded in 2003 by Dan Morehead (ex Tiger Management) and is co-managed by Co-CIO Joey Kru ...
PDT Partners
PDT Partners (Process Driven Trading Partners) is a hedge fund company, led by quantitative trader Peter Muller, that was founded in 1993 as part of Morgan Stanley's trading division and spun out as an independent business in 2012. It has offices ...
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Permian Investment Partners
Permian Investment Partners is a hedge fund founded in 2007 by Cara Goldenberg, and joined by co-partners Alex Duran and Scott Hendrickson in 2008 prior to the firm's launch. Its name is derived from the Permian geological period. Its offices a ...
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Pershing Square Capital Management
Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, headquartered in New York City.
Company history
In 2004, with $54 million in funding from his personal funds and former business part ...
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Renaissance Technologies
Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statisti ...
Sculptor Capital Management
Sculptor Capital Management (formerly Och-Ziff Capital Management Group) is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The firm operates mu ...
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Silver Point Capital
Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.
It was founded in 2002 by former Goldman Sachs partners, Edward A. Mulé and Robert J. O’Shea. Together, they created a ...
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SkyBridge Capital
SkyBridge Capital is a global investment firm based in New York City, United States. It is run by founder Anthony Scaramucci, Brett S. Messing, Raymond Nolte and Troy Gaveski.
SkyBridge produces the SkyBridge Alternatives Conference, or "SALT" C ...
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Third Point Management
Third Point Management is a New York City, New York-based hedge fund founded by Daniel S. Loeb in 1995. The firm operates as an employee-owned and SEC-registered investment advisor with approximately $16 billion in assets under management . A ...
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Tiger Global Management
Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries.
Background and histo ...
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Touradji Capital Management
Touradji Capital Management is a hedge fund based in New York City.
It was founded by Paul Touradji in January 2005 after his previous venture, Catequil Asset Management, was closed amid a legal dispute.
Touradji Capital is called a " Tiger Cub ...
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Tudor Investment Corporation
Tudor Investment Corporation is an American investment firm based in Stamford, Connecticut. The firm invests in both Public equities, public and Private equity, private markets globally.
Background
In 1980, Paul Tudor Jones founded the Tudor ...
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Tsai Capital
Tsai Capital Corporation is a Manhattan-based investment management and advisory firm. The company was founded by Christopher Tsai in 1997. Tsai is the son of the late American financier Gerald Tsai. The firm follows a value-oriented investment a ...
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Two Sigma
Two Sigma Investments is a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. The firm is run by John Overdec ...
Viking Global Investors
Viking Global Investors is an American-based hedge fund based in Greenwich, Connecticut, which specialises in early stage and late stage ventures.
History
It was established in October 1999 by its CEO and risk manager, Ole Andreas Halvorsen, B ...
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Wellington Management Company
Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.
The firm serves as an investment advisor to over ...
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WorldQuant
WorldQuant, LLC is an international hedge fund and quantitative investment financial management, management firm
headquartered in Old Greenwich, Connecticut. Founded in 2007, the firm is currently assets under management, managing approximately ...
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Wynnefield Capital
Wynnefield Capital, Inc., is an employee-owned hedge fund founded in 1992 by Nelson Obus and Joshua Landes. The fund is a value investor, specializing in U.S. small-cap companies with a business- or industry-specific catalyst. It employs long an ...
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York Capital Management
York Capital Management is a global institutional investment management firm with approximately $18.5 billion in assets under management as of June 2019. The firm was founded in 1991 by Jamie Dinan.
York Capital is headquartered in New York City ...
Asia
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Hillhouse Capital Group
Hillhouse Capital Group is a global private equity firm with an East Asian heritage. Hillhouse was founded by Zhang Lei (investor), Lei Zhang in 2005 with initial seed capital from the Yale University financial endowment, endowment and invests ac ...
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Dymon Asia
Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia.
History
Abax Dymon was founded in 2008 by Danny Yong and Keith Tan. Yong was founding partner a ...
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Maso Capital
Maso Capital Partners Limited is a Hong Kong-based Hedge fund, hedge fund that was founded and is run by Manoj Jain and Sohit Khurana. The fund is registered in the Cayman Islands under Cayman Islands company law and headquartered in Central, Hong ...
SPARX Group
SPARX Group is a group of companies led by SPARX Group Co., Ltd as a holding company and is active in the investment and real estate business.
Background
SPARX Asset Management Co., Ltd was established on July 1, 1989.
On December 1, 2001, it ...
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Value Partners
Value Partners Group Limited () is a Hong Kong-based asset management company.
History
The company was founded in 1993 as a boutique firm by the present Chairman & Co-chief investment officer Dato' Seri Cheah Cheng Hye, and businessman Ye ...
EMEA
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Aspect Capital
Aspect Capital is a London-based investment manager that applies a systematic and quantitative approach to investment management. According to the Financial Times, Aspect uses "technology and complex mathematical models to power computers that ...
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BlueCrest Capital Management
BlueCrest Capital Management is a British-American hedge fund which was founded by British billionaire Michael Platt and American William Reeves in 2000. The New York City-based company has registered offices in Geneva, Singapore, Boston, Con ...
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Brevan Howard
Brevan Howard (Brevan Howard Asset Management LLP) is a European hedge fund management company based in Jersey with its funds domiciled in the Cayman Islands. Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders in ...
Capula Investment Management
Capula Investment Management LLP is a British hedge fund, the fourth largest in Europe, with assets under management (AUM) of about $23 billion as of H2 2020.
Location
It is headquartered at 7 Clarges Street, in Mayfair, London with affilia ...
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Caxton Associates
Caxton Associates is a global macro hedge fund founded by Bruce Kovner in 1983 in New York City. The firm's headquarters are located in London, and also has offices in New York, Sydney, Australia and Princeton, New Jersey. Caxton Associates ident ...
GLG Partners
''Man GLG'' (formerly GLG Partners) is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc. It is a diversified and multi-strategy fund manager that operates strategies includ ...
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Man Group
Man Group plc is an active investment management business listed on the London Stock Exchange. It provides a range of funds across liquid and private markets for institutional and private investors globally and is the world's largest publicly t ...
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Marshall Wace
Marshall Wace LLP is a hedge fund based in London, founded by Paul Marshall and Ian Wace in 1997. Marshall serves as chairman and chief investment officer, and Wace as a chief executive officer & chief risk officer. The company is recognized as ...
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Montreux Healthcare Fund
The Montreux Healthcare Fund is one of the top European hedge funds. Its headquarters is near Hampton Court Palace. It was founded in 2010 and focuses on private specialist healthcare for people living with learning difficulties, mental health issu ...
Rokos Capital Management
Rokos Capital Management LLP (RCM) is a British Alternative investment, Alternative Investment Fund Manager (AIFM). RCM is headquartered in London, with offices in New York City, New York,Washington DC and Singapore. It is authorised and regul ...
The Children's Investment Fund Management
The Children’s Investment Fund Management (UK) LLP (TCI) is a London‐based hedge fund management firm founded by Chris Hohn in 2003 which manages The Children’s Investment Master Fund. TCI makes long‐term investments in companies globally ...
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Toscafund Asset Management
Toscafund Asset Management is a London-based specialist investment firm which is a major investor in Circle Health Ltd.
It has assets of £4 billion. The Chief Executive is ex Tiger Management employee, Martin Hughes, nicknamed, according to ''Th ...
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Winton Group
Winton Group, Ltd (which includes Winton Capital Management) is a British investment management firm founded by David Harding. In the United States, Winton is registered with the Securities and Exchange Commission as an investment advisor and with ...
See also
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List of private-equity firms
Below is a list of notable private-equity firms.
Largest private-equity firms by PE capital raised
Each year Private Equity International publishes the PEI 300, a ranking of the largest private-equity firms by how much capital they have raised for ...
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Boutique investment bank
A boutique investment bank is a investment bank that specializes in at least one aspect of investment banking, generally corporate finance, although some banks strengths are retail in nature, such as Charles Schwab. Of those involved in corporate ...
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List of venture capital firms
Below is a list of notable venture capital firms.
Assets under management
Shown below are the largest venture capital firms ranked by Assets Under Management.
Capital raised
Data is for capital raised between January 1, 2017, and June 30, 2022. ...
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Sovereign wealth fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such ...
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List of exchange-traded funds
The exchange-traded funds available on exchanges vary from country to country. Many of the ETFs listed below are available exclusively on that nation's primary stock exchange and cannot be purchased on a foreign stock exchange.
*List of American ...
Hedge funds
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as shor ...