Ranked by total assets managed worldwide, in millions, as of June 30, 2018, unless otherwise noted.
Rank
Managers
Assets
Change from 2017
% managed for institutions
1
Blackstone Alternative Asset Mgmt.
$77,403
6.8%
N/A
2
UBS Hedge Fund Solutions1
$40,809
12.7%
N/A
3
Goldman Sachs Asset Mgmt.
$31,297
7.3%
N/A
4
Grosvenor Capital Mgmt.
$27,300
5.2%
N/A
5
Morgan Stanley Investment Mgmt.
$23,176
-0.6%
38.9%
6
BlackRock
$22,152
3.2%
90.8%
7
EnTrustPermal
$20,673
-15.3%
89.0%
8
Man FRM2
$16,842
4.0%
92.9%
9
Lighthouse Partners3
$16,634
-13.7%
90.5%
10
Lyxor Asset Mgmt.
$15,360
20.9%
100.0%
11
Rock Creek Group
$13,900
7.8%
100.0%
12
PAAMCO Prisma
$13,730
-14.0%
96.0%
13
Willis Towers Watson4
$12,672
11.6%
100.0%
14
Aberdeen Standard Life Inv.
$12,000
N/A
100.0%
15
J.P. Morgan Asset Mgmt.
$11,734
-10.4%
57.0%
16
K2 Advisors1,5
$11,621
12.4%
59.8%
17
Aetos Alternatives Mgmt.
$11,089
1.9%
99.3%
18
Pictet Alternative Advisors
$11,000
10.8%
53.0%
19
Mercer Investment Management
$7,635
16.3%
89.2%
20
SkyBridge Capital II
$5,874
-9.4%
94.9%
21
Silver Creek Capital Management
$4,958
-7.0%
N/A
22
Corbin Capital Partners
$4,161
-13.5%
68.9%
23
Magnitude Capital
$4,118
4.5%
75.7%
24
Evanston Capital Mgmt.
$3,966
-11.4%
77.1%
25
Aon Hewitt Investment Consulting
$3,767
-0.4%
100.0%
26
50 South Capital Advisors
$2,925
-3.9%
36.2%
27
GAM
$2,420
N/A
80.7%
28
Pinnacle Asset Management
$2,052
N/A
89.5%
29
Investcorp
$2,049
2.6%
100.0%
30
Russell Investments
$1,924
1.0%
98.1%
1 AUM as of July 1;
2 AUM used here is reported differently from in the firm's June 30, 2018 half-year trading statement;
3 AUM as of July 1 and includes assets from Mesirow Advanced Strategies, which was acquired by Lighthouse earlier in 2018. AUM used for year-to-year comparison is $19.273 billion, and is the combined assets of both firms as of June 30, 2017;