Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2020, unless otherwise noted.
| Rank | Manager | Assets | Change from 2019 |
|---|---|---|---|
| 1 | Bridgewater Associates | $98,918 | -25.1% |
| 2 | Renaissance Technologies | $70,000 | 2.9% |
| 3 | Man Group | $62,300 | 0.5% |
| 4 | Millennium Mgmt. | $43,912 | 13.2% |
| 5 | Elliott Mgmt.1 | $42,000 | 11.2% |
| 6 | BlackRock | $39,907 | 21.3% |
| 7 | Two Sigma Investments/Advisers2 | $38,842 | -9.5% |
| 8 | TCI Fund Mgmt. | $35,000 | 40.0% |
| 9 | Citadel2 | $34,340 | 6.5% |
| 10 | D.E. Shaw Group | $34,264 | 19.5% |
| 11 | AQR Capital Mgmt. | $32,100 | -47.2% |
| 12 | Davidson Kempner Capital Mgmt. | $31,850 | 3.1% |
| 13 | Farallon Capital Mgmt. | $30,000 | 8.7% |
| 14 | Baupost Group | $29,100 | 0.7% |
| 15 | Marshall Wace | $27,800 | 2.6% |
| 16 | Capula Investment Mgmt. | $23,000 | 16.2% |
| 17 | Canyon Capital | $22,800 | N/A |
| 18 | Wellington Alternative Investments | $21,000 | -4.5% |
| 19 | Viking Global Investors | $19,950 | N/A |
| 20 | PIMCO | $17,453 | 0.4% |
| 21 | Point72 Asset Mgmt. | $17,200 | 22.9% |
| 22 | York Capital Management | $16,500 | -10.8% |
| 23 | Element Capital Mgmt.3 | $16,000 | -11.1% |
| 24 | Cevian Capital1 | $15,283 | N/A |
| 25 | GoldenTree Asset Mgmt.2 | $15,092 | 10.7% |
| 26 | Sculptor Capital Mgmt. | $15,000 | -1.6% |
| 27 | Graham Capital Mgmt. | $14,161 | 3.4% |
| 28 | Anchorage Capital Group | $13,500 | -10.0% |
| 29 | King Street Capital Mgmt. | $13,400 | -25.1% |
| 30 | Angelo Gordon | $12,800 | -5.2% |
| 31 | D1 Capital Partners | $12,700 | 86.8% |
| 32 | ExodusPoint Capital | $12,000 | 39.5% |
| 33 | Winton Group | $11,662 | -46.6% |
| 34 | Appaloosa Mgmt. | $11,600 | -10.8% |
| 35 | Magnetar Capital | $10,674 | -15.7% |
| 36 | Pershing Square1 | $10,292 | 28.7% |
| 37 | Pharo Mgmt.1 | $10,000 | 0.0% |
| 38 | Brevan Howard Asset Mgmt.1 | $9,670 | 37.6% |
| 39 | Nephila Capital | $9,519 | -10.7% |
| 40 | Lone Pine Capital | $9,224 | 4.6% |
| 41 | Tudor Investment | $8,673 | 11.0% |
| 42 | Steadfast Capital Mgmt. | $8,100 | 8.0% |
| 43 | Ellington Mgmt. Group | $7,900 | 36.2% |
| 44 | Cheyne Capital | $7,309 | 1.6% |
| 45 | Aspect Capital | $7,289 | 3.1% |
| 46 | Taconic Capital Advisors | $7,215 | -6.1% |
| 47 | Balyasny Asset Mgmt. | $7,000 | 16.7% |
| 48 | Whale Rock Capital Mgmt. | $6,990 | 61.8% |
| 49 | Capstone Investment Advisors | $6,825 | 17.8% |
| 50 | Senator Investment Group | $6,700 | -9.5% |
| 51 | PDT Partners | $6,500 | 8.3% |
| 52 | Värde Partners | $6,398 | -12.3% |
| 53 | UBS O’Connor | $6,297 | 40.7% |
| 54 | Eminence Capital | $6,200 | N/A |
| 55 | Hudson Bay Capital Mgmt. | $5,918 | 69.6% |
| 56 | Garda Capital Partners | $5,633 | 39.6% |
| 57 | Mariner Investment Group2 | $5,600 | N/A |
| 58 | Schonfeld Strategic Advisors4 | $5,525 | N/A |
| 59 | Carlson Capital Mgmt. | $5,503 | -24.4% |
| 60 | HG Vora Cital Mgmt. | $5,400 | 1.9% |
| 61 | Napier Park Global Capital | $5,389 | 4.5% |
| 62 | Samlyn Capital | $5,100 | 21.4% |
| 63 | Tilden Park Capital Mgmt. | $4,672 | 0.3% |
| 64 | Autonomy Capital | $4,500 | -25.0% |
| 65 | Paloma Partners | $4,500 | -4.3% |
| 66 | LibreMax Capital | $4,400 | 14.3% |
| 67 | EJF Capital | $4,200 | 5.0% |
| 68 | Contrarian Capital | $4,000 | -25.9% |
| 69 | TIG Advisors | $3,930 | 19.1% |
| 70 | Empyrean Capital Partners | $3,850 | -14.4% |
| 71 | Greywolf Capital Mgmt. | $3,696 | -2.9% |
| 72 | Gramercy Funds Mgmt.5 | $3,664 | -4.7% |
| 73 | Solus Alternative Asset Mgmt.1 | $3,400 | N/A |
| 74 | Deer Park Road | $3,000 | N/A |
| 75 | Saba Capital Mgmt. | $2,850 | 67.6% |
| 76 | Bardin Hill Inv. Partners | $2,800 | N/A |
| 77 | Kirkoswald Asset Mgmt. | $2,700 | N/A |
| 78 | Snow Lake Capital | $2,700 | 35.0% |
| 79 | Weiss Multi-Strategy Advisers | $2,700 | 42.1% |
| 80 | Cadian Capital Mgmt.1 | $2,600 | N/A |
| 81 | Graticule Asset Mgmt. | $2,600 | -42.2% |
| 82 | Greenlight Capital | $2,600 | 4.0% |
| 83 | P. Schoenfeld Asset Mgmt. | $2,452 | 14.3% |
| 84 | Hildene Capital Mgmt. | $2,243 | -19.9% |
| 85 | MKP Capital Mgmt. | $2,176 | -25.4% |
| 86 | Candlestick Capital | $2,000 | N/A |
| 87 | Kepos Capital | $2,000 | -16.7% |
| 88 | Light Street Capital | $1,869 | 16.8% |
| 89 | J.P. Morgan Asset Mgmt.6 | $1,816 | -54.1% |
| 90 | Cat Rock Capital Mgmt. | $1,707 | N/A |
| 91 | Birch Grove Capital | $1,600 | -0.2% |
| 92 | Quest Partners | $1,562 | 7.4% |
| 93 | SQN Investors | $1,500 | N/A |
| 94 | Atlantic Investment Mgmt. | $1,479 | 2.4% |
| 95 | Strategic Value Partners2 | $1,305 | -29.3% |
| 96 | MidOcean Credit Partners | $1,300 | -38.1% |
| 97 | Acadian Asset Mgmt. | $1,220 | -25.6% |
| 98 | Senvest Mgmt. | $1,119 | N/A |
| 99 | Hein Park Capital Mgmt. | $1,000 | N/A |
| 100 | Light Sky Macro | $1,000 | 0.0% |
| 101 | Sarissa Capital Mgmt. | $914 | N/A |
| 102 | Statar Capital | $779 | N/A |
| 103 | Kingdon Capital Mgmt.2 | $644 | -24.2% |
| 104 | Windham Capital Mgmt. | $380 | -11.4% |
| 105 | Massar Capital Mgmt. | $296 | 26.0% |
| 106 | Pine River Capital Mgmt. | $252 | N/A |
| 107 | Aequim Alternative Investments | $243 | N/A |
| Total | $1,256,496 | ||
| Notes: 1 Data are from a company source such as a spokesman, website or financial report. 2 Data are as of July 1, 2020. 3 Element proactively reduced its AUM by 20% during the year ended June 30 to prioritize continued outperformance. 4 Schonfeld does not include family office money managed in its hedge funds. 5 Gramercy returned capital to investors as some funds were closed in the year ended June 30. 6 J.P. Morgan reduced its hedge fund assets in the year ended June 30, 2020 as the result of a spin out of one credit hedge fund and the wind down of another as part of a restructuring. | |||
| Source: Pensions & Investments surveys | |||
