INTERACTIVE
The largest managers of hedge funds
Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2017.
| Rank | Manager | Assets | Change from 2016 |
|---|---|---|---|
| 1 | Bridgewater Associates | $123,000 | 19.5% |
| 2 | AQR Capital Mgmt. | $76,619 | 21.6% |
| 3 | Man Group | $53,100 | 14.7% |
| 4 | Renaissance Technologies | $48,600 | 51.9% |
| 5 | Two Sigma | $35,400 | 28.3% |
| 6 | Millennium Mgmt. | $34,373 | 3.2% |
| 7 | Elliott Mgmt. | $32,700 | 13.4% |
| 8 | Baupost Group | $31,100 | 6.5% |
| 9 | BlackRock (BLK) | $27,615 | -3.4% |
| 10 | Winton Capital Mgmt. | $27,559 | -16.6% |
| 11 | D.E. Shaw Group | $27,486 | 1.7% |
| 12 | Citadel | $27,107 | 12.9% |
| 13 | Davidson Kempner Cap. Mgmt. | $27,100 | 7.3% |
| 14 | Marshall Wace | $23,913 | 4.0% |
| 15 | Farallon Capital Mgmt. | $23,800 | 13.3% |
| 16 | Och-Ziff Capital Mgmt. | $22,000 | -15.7% |
| 17 | Canyon Capital Advisors2 | $21,000 | 47.9% |
| 18 | Viking Global Investors | $20,143 | 1.8% |
| 19 | King Street Capital Mgmt. | $18,800 | -1.1% |
| 20 | PIMCO | $17,352 | 2.2% |
| 21 | Appaloosa Mgmt. | $17,000 | N/A |
| 22 | Anchorage Capital Group | $16,800 | 7.7% |
| 23 | York Capital Mgmt. | $16,700 | -8.7% |
| 24 | Cevian Capital | $16,627 | 31.8% |
| 25 | Third Point | $16,500 | N/A |
| 26 | TCI Fund Mgmt. | $15,854 | 26.8% |
| 27 | Capula Investment Mgmt. | $14,900 | 5.7% |
| 28 | Pershing Square Holdings | $14,796 | N/A |
| 29 | BlueMountain Capital Mgmt. | $14,200 | 0.7% |
| 30 | Graham Capital Mgmt. | $14,086 | 11.2% |
| 31 | Magnetar Capital | $13,200 | 0.0% |
| 32 | Highfields Capital Mgmt. | $12,900 | 5.7% |
| 33 | Fortress Inv. Group | $12,868 | -5.3% |
| 34 | Angelo, Gordon & Co. | $12,400 | 2.5% |
| 35 | GoldenTree Asset Mgmt. | $12,010 | 3.9% |
| 36 | Brevan Howard Asset Mgmt. | $11,873 | -38.8% |
| 37 | Glenview Capital Mgmt. | $11,476 | 21.3% |
| 38 | Goldman Sachs Asset Mgmt. | $11,200 | -13.8% |
| 39 | PointState Capital | $10,600 | 4.0% |
| 40 | Nephila Capital | $10,450 | 4.7% |
| 41 | Fir Tree Partners | $9,539 | -0.6% |
| 42 | Carlson Capital | $9,100 | 8.9% |
| 43 | Marathon Asset Mgmt. | $8,820 | 1.4% |
| 44 | Senator Investment Group | $8,800 | 3.7% |
| 45 | Greenlight Capital | $7,000 | -18.6% |
| 46 | Tiger Global Mgmt. | $7,000 | 18.6% |
| 47 | CQS4 | $6,612 | 9.2% |
| 48 | Waterfall Asset Mgmt. | $6,447 | 53.5% |
| 49 | Solus Alternative Asset Mgmt. | $6,338 | 25.8% |
| 50 | Aspect Capital | $6,288 | 6.5% |
| 51 | Taconic Capital Advisors | $6,000 | -3.1% |
| 52 | Cheyne Capital | $5,879 | N/A |
| 53 | Ellington Mgmt. Group | $5,500 | 3.8% |
| 54 | J.P. Morgan Asset Mgmt.5 | $5,500 | -9.2% |
| 55 | MKP Capital Mgmt. | $5,322 | -28.0% |
| 56 | Paloma Partners | $5,300 | 0.0% |
| 57 | UBS O'Connor3 | $5,113 | -8.7% |
| 58 | PDT Partners | $5,000 | 0.0% |
| 59 | Autonomy Capital | $4,800 | 37.1% |
| 60 | Eminence Capital | $4,763 | N/A |
| 61 | Pine River Capital Mgmt. | $4,589 | -43.3% |
| 62 | Samlyn Capital | $4,500 | -10.0% |
| 63 | Contrarian Capital Mgmt. | $4,300 | 36.9% |
| 64 | Tilden Park Capital Mgmt. | $4,124 | 6.8% |
| 65 | Capstone Investment Advisors | $4,019 | 47.1% |
| 66 | Gramercy Funds Mgmt. | $3,883 | -1.8% |
| 67 | Neuberger Berman Group | $3,856 | N/A |
| 68 | Highline Capital Mgmt. | $3,615 | 26.6% |
| 69 | Napier Park Global Capital | $3,332 | 77.1% |
| 70 | Empyrean Capital Partners | $3,200 | N/A |
| 71 | HG Vora Capital Mgmt. | $3,200 | 33.3% |
| 72 | Valinor Capital Mgmt. | $3,200 | N/A |
| 73 | DW Partners | $3,100 | -24.4% |
| 74 | Kepos Capital | $3,100 | 40.9% |
| 75 | Acadian Asset Mgmt. | $3,097 | 51.3% |
| 76 | Garda Capital Partners | $3,046 | 21.5% |
| 77 | Hutchin Hill Capital | $3,000 | -18.9% |
| 78 | Halcyon Capital Mgmt. | $2,700 | N/A |
| 79 | Ionic Capital Mgmt. | $2,500 | -7.4% |
| 80 | Ivory Investment Mgmt. | $2,500 | -16.4% |
| 81 | Hudson Bay Capital Mgmt. | $2,400 | -11.1% |
| 82 | Tricadia Capital Mgmt. | $2,400 | -22.6% |
| 83 | LibreMax Capital | $2,300 | -4.2% |
| 84 | Long Pond Capital | $2,236 | N/A |
| 85 | La Francaise Inv. Solutions | $2,104 | N/A |
| 86 | Finisterre Capital | $1,953 | 5.6% |
| 87 | Structured Portfolio Mgmt. | $1,920 | -9.4% |
| 88 | Cadian Capital Mgmt. | $1,800 | N/A |
| 89 | Strategic Value Partners3 | $1,800 | 20.0% |
| 90 | Kingdon Capital Mgmt. | $1,717 | -16.8% |
| 91 | Gotham Asset Mgmt. | $1,700 | N/A |
| 92 | Salient | $1,662 | -6.7% |
| 93 | Polygon Global Partners | $1,601 | N/A |
| 94 | Saba Capital Mgmt. | $1,500 | -11.8% |
| 95 | 400 Capital Mgmt. | $1,468 | -0.5% |
| 96 | Shelter Growth Cap. Partners | $1,442 | N/A |
| 97 | Atlantic Investment Mgmt. | $1,411 | N/A |
| 98 | Atreaus Capital Mgmt. | $1,400 | 0.0% |
| 99 | Three Bays Capital | $1,400 | -12.5% |
| 100 | Senvest Mgmt. | $1,330 | 37.0% |
| 101 | Perella Weinberg Partners1 | $1,297 | 15.3% |
| 102 | Candlewood Investment Group | $1,289 | N/A |
| 103 | ZAIS Group | $1,250 | N/A |
| 104 | Seer Capital Mgmt. | $1,140 | -30.1% |
| 105 | Brenner West Capital Partners | $1,120 | -14.2% |
| 106 | Warlander Asset Mgmt. | $1,100 | N/A |
| 107 | Highland Capital Mgmt. | $955 | -10.0% |
| 108 | LightStreet Capital Mgmt. | $933 | N/A |
| 109 | Birch Grove Capital | $902 | 13.2% |
| 110 | Martin Currie Inv. Mgmt. | $700 | N/A |
| 111 | Omni Partners | $492 | N/A |
| 112 | Nut Tree Capital Mgmt. | $422 | N/A |
| 113 | Haidar Capital Mgmt. | $303 | N/A |
Notes: 1 Data as of March 31, 2017. 2 Data as of April 1, 2017, from industry sources. 3 Data as of July 1, 2017. 4 CQS' 2017 AUM excludes non-hedge fund assets which were included in the 2016 survey data. 2016 AUM has been restated for comparison. 5 J.P. Morgan's 2017 AUM excludes wealth management assets which were included in the firm's 2016 P&I survey data. 2016 AUM has been restated for comparison.
Source: Pensions & Investments survey, unless noted
