September 21, 2015 01:00 AM

The most institutional managers of hedge funds

Ranked by percentage of discretionary assets managed in hedge funds worldwide for institutions as of June 30, 2015.

Rank	Manager	% of worldwide assets institutional	% of U.S. assets institutional
1	Black River Asset Mgmt.	100.0%	69.0%
2	Bridgewater Associates	100.0%	52.7%
3	Salient Partners	100.0%	100.0%
4	Nephila Capital	98.7%	18.7%
5	Neuberger Berman	97.6%	92.3%
6	Tide Point Capital Mgmt.	96.9%	70.6%
7	Highland Capital Mgmt.	96.7%	79.1%
8	Waterfall Asset Mgmt.	96.5%	67.1%
9	Capstone Investment Advisors	95.8%	43.5%
10	Gramercy Funds Mgmt.	95.7%	53.5%
11	DW Partners	92.3%	67.3%
12	Magnetar Capital	91.6%	69.9%
13	Pacific Investment Mgmt. Co.	91.3%	37.1%
14	Solus Alternative Asset Mgmt.	87.8%	76.4%
15	Hudson Bay Capital Mgmt.	85.5%	71.7%
16	BlueMountain Capital Mgmt.	83.8%	19.0%
17	Napier Park Global Capital	81.3%	40.3%
18	MKP Capital Mgmt.	76.8%	34.9%
19	Finisterre Capital	74.9%	60.0%
20	The Children's Inv. Fund	72.7%	50.0%
21	Man Group	72.5%	14.8%
22	Birch Grove Capital	72.3%	55.6%
23	Highline Capital Mgmt.	72.1%	62.8%
24	GoldenTree Asset Mgmt.	71.8%	40.1%
25	D.E. Shaw Group	70.1%	37.4%

Source: Pensions & Investments survey

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