April 29, 2013 01:00 AM

Largest hedge fund strategy mutual funds and managers

Ranked by total assets, in millions, as of April 16, 2013.

Largest managers by firmwide assets
Rank	Manager	Assets
1	PIMCO Funds	$49,800
2	Natixis Funds	$9,851
3	New York Life/Mainstay Funds	$7,811
4	AQR Funds	$6,877
5	Westchester Capital/The Merger Fund	$4,464
6	Absolute Investment Advisors	$4,262
7	John Hancock Funds	$4,246
8	GMO Funds	$3,845
9	J.P. Morgan Funds	$3,112
10	Water Island Capital/The Arbitrage Fund	$2,981

Largest hedge fund strategy mutual funds
Rank	Mutual fund	Assets
1	MainStay Marketfield Fund 1	$7,811
2	Gateway Fund A	$7,752
3	PIMCO Emerging Markets Currency A	$6,801
4	PIMCO StockPlus AR Short 1	$6,186
5	The Merger Fund	$4,464
6	Absolute Strategies Fund 1	$3,888
7	GMO Alpha Only Fund 3	$3,845
8	AQR Managed Futures Strategy Fund 1	$3,151
9	The Arbitrage Fund R	$2,931
10	Calamos Market Neutral Inc. Fund A	$2,667
Source: Bloomberg LP, Morningstar, company information