Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2021, unless otherwise noted.
Rank
Manager
Assets
Change from 2020
1
Bridgewater Associates1
$105,700
6.9%
2
Man Group
$76,800
23.3%
3
Renaissance Technologies
$58,000
-17.1%
4
Millennium Mgmt.
$52,314
19.1%
5
TCI Fund Mgmt.
$40,000
14.3%
6
D.E. Shaw Group
$39,738
16.0%
7
Two Sigma Investments/Advisers
$39,550
1.8%
8
Farallon Capital Mgmt.
$38,100
27.0%
9
Citadel1
$37,630
9.6%
10
Davidson Kempner Capital Mgmt.
$37,350
17.3%
11
Marshall Wace
$33,107
19.1%
12
Anchorage Capital Group
$31,080
130.2%
13
Baupost Group
$31,000
6.5%
14
AQR Capital Mgmt.
$26,100
-18.7%
15
Capula Investment Mgmt.
$23,900
3.9%
16
BlackRock
$23,090
19.3%
17
Wellington Management
$22,600
7.6%
18
D1 Capital Partners
$22,000
73.2%
19
Point72 Asset Mgmt.
$21,800
26.7%
20
GoldenTree Asset Mgmt.
$19,734
30.8%
21
PIMCO
$18,406
5.5%
22
Graham Capital Mgmt.
$17,783
25.6%
23
Sculptor Capital Mgmt.
$17,400
16.0%
24
Canyon Capital3
$16,300
10.9%
25
Third Point
$16,200
N/A
26
Brevan Howard Asset Mgmt.2
$16,000
65.5%
27
Appaloosa Mgmt.
$14,400
24.1%
28
ExodusPoint Capital Mgmt.
$13,500
12.5%
29
Pershing Square Capital Mgmt.2
$13,322
29.4%
30
Angelo Gordon
$13,300
3.9%
31
Magnetar Capital
$12,971
21.5%
32
Universa Investments
$12,367
N/A
33
Pharo Management2
$12,000
20.0%
34
King Street Capital Mgmt.
$11,700
-12.7%
35
Tudor Investment
$11,200
29.1%
36
Lone Pine Capital
$11,037
19.7%
37
Hudson Bay Capital Mgmt.
$10,880
83.8%
38
Systematica Investments
$10,199
N/A
39
Balyasny Asset Mgmt.
$10,000
42.9%
40
Waterfall Asset Mgmt.
$9,806
N/A
41
Nephila Capital
$9,772
2.7%
42
Cheyne Capital
$9,485
29.8%
43
UBS O'Connor
$9,461
50.2%
44
Steadfast Capital Mgmt.
$9,000
11.1%
45
Capstone Investment Advisors
$8,941
31.0%
46
Aspect Capital
$8,801
20.7%
47
Taconic Capital Advisors
$8,780
21.7%
48
Whale Rock Capital Mgmt.
$8,601
23.0%
49
Ellington Mgmt. Group
$8,500
7.6%
50
Eminence Capital
$8,100
30.6%
51
Schonfeld Strategic Advisors
$8,072
46.1%
52
PDT Partners
$8,000
23.1%
53
Winton Group
$7,107
-39.1%
54
Garda Capital Partners
$6,724
19.4%
55
HG Vora Capital Mgmt.
$6,700
24.1%
56
Samlyn Capital
$6,500
27.5%
57
Senator Investment Group
$6,500
-3.0%
58
Varde Partners
$6,359
-0.6%
59
Diameter Capital Partners
$6,094
N/A
60
Napier Park Global Capital
$5,562
3.2%
61
Mariner Investment Group
$5,524
-1.4%
62
VR Advisory Services
$5,368
N/A
63
Aristeia Capital
$5,102
N/A
64
Contrarian Capital Mgmt.
$5,000
25.0%
65
LibreMax Capital
$4,750
8.0%
66
CQS
$4,500
N/A
67
Paloma Partners
$4,200
-6.7%
68
Empyrean Capital Partners
$4,000
3.9%
69
Solus Alternative Asset Mgmt.2
$4,000
17.6%
70
Carlson Capital
$3,910
-28.9%
71
Deer Park Road
$3,910
30.3%
72
Gramercy Funds Mgmt.
$3,742
2.1%
73
EJF Capital
$3,700
-11.9%
74
Senvest Mgmt.
$3,694
230.2%
75
Saba Capital Mgmt.
$3,680
29.1%
76
Lighthouse Partners
$3,510
N/A
77
Weiss Multi-Strategy Advisers2
$3,500
29.6%
78
J.P. Morgan Asset Mgmt.
$3,444
89.6%
79
Versor Investments
$3,145
N/A
80
Candlestick Capital
$3,000
50.0%
81
Hildene Capital Mgmt.
$3,000
33.7%
82
TIG Advisors
$3,000
-23.7%
83
P. Schoenfeld Asset Mgmt.
$2,874
17.2%
84
Owl Creek Asset Mgmt.
$2,600
0.0%
85
MKP Capital Mgmt.
$2,598
19.4%
86
Graticule Asset Mgmt.
$2,500
-3.8%
87
Long Pond Capital
$2,500
N/A
88
Birch Grove Capital
$2,400
49.7%
89
Cat Rock Capital Mgmt.
$2,213
29.6%
90
Bardin Hill Investment Partners
$2,200
-21.4%
91
Gotham Asset Mgmt.
$2,200
N/A
92
Greenlight Capital
$2,200
-15.4%
93
Atlantic Investment Mgmt.
$2,000
35.2%
94
Kepos Capital
$2,000
0.0%
95
Strategic Value Partners1
$1,847
41.5%
96
Hein Park Capital Mgmt.
$1,750
75.0%
97
Anomaly Capital
$1,700
N/A
98
Hitchwood Capital Mgmt.
$1,558
N/A
99
SQN Investors
$1,500
0.0%
100
Statar Capital
$1,500
92.6%
101
Shenkman
$1,480
N/A
102
Rubric Capital Mgmt.
$1,400
N/A
103
Sarissa Capital Mgmt.
$1,300
42.2%
104
Governors Lane
$1,240
N/A
105
Indus Capital Partners
$1,220
N/A
106
Light Sky Macro
$1,000
0.0%
107
Lucerne Capital Mgmt.
$765
N/A
108
Acadian Asset Mgmt.4
$614
-49.7%
109
Windham Capital Mgmt.
$438
15.1%
Total
$1,324,499
Notes: 1 Data are as of July 1, 2021; 2 Data are from a company source such as a spokesman, website or financial report. 3 Canyon Capital misstated its worldwide hedge fund assets under management as of June 30, 2020. The actual AUM was $14.7 billion, not $22.8 billion as reported to P&I on last year's survey. 4 Acadian Asset Management reclassified some of its strategies the firm previously considered hedge funds, reducing its hedge fund AUM to $614 billion as of June 30, 2021, from $1.2 billion as of the same date a year earlier.
