The Largest Hedge Fund Managers 2023

Top 10 largest hedge fund managers 2023

Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30 unless otherwise noted.

# Name Asset One-Year change Five-year change Ten-year change
1 Bridgewater Associates $97,200 -23.1% -26.8% 18.7%
2 Man Group $69,900 -4.9% 18.3% 73.4%
3 Citadel $59,500 12.3% 98.2% 304.8%
4 Elliott Management $59,200 N/A 69.1% 169.1%
5 Millennium Management $57,346 4.3% 62.4% 216.5%
6 TCI Fund Management $56,000 54.7% 182.8% N/A
7 D.E. Shaw Group $47,740 -0.3% 65.8% 114.8%
8 Renaissance Technologies $42,000 -26.3% -26.3% 78.7%
9 Two Sigma Investments/Two Sigma Advisers $39,368 -3.9% 1.5% 337.4%
10 Farallon Capital Management $39,100 4.5% 54.5% 105.8%

Asset owners finding reasons to be bullish about hedge funds

Dispersions across both equities and credit are giving hedge fund managers something to trade.

 

AI may boost productivity, but investing still needs human guardrails

Hedge fund managers using AI technology say it’s important to separate the hype from the reality.

Hedge fund flows

Bridgewater retains top spot as largest hedge fund, despite AUM sliding 23%

Bridgewater retains top spot as largest hedge fund, despite AUM sliding 23%

Top 10 largest hedge fund managers ranked by % institutional

Percentage of hedge funds assets managed for institutions among managers who reported institutional assets.

# Manager % institutional
1 Acadian Asset Management 100%
2 Anacapa Advisors 100%
3 AQR Capital Management 100%
4 Aristeia Capital 100%
5 Cheyne Capital 100%
6 GoldenTree Asset Management 100%
7 Massar Capital Management 100%
8 Quest Partners 100%
9 PGIM Fixed Income 99%
10 Garda Capital Partners 98%

Hedge funds launches and liquidations

 

Meet Robyn Grew, first female CEO of Man Group

Robyn Grew, Man Group's new CEO, talks about private credit, acquisitions, AI and making a difference as an active manager.

Hedge fund returns

Part 2: Man Group CEO Robyn Grew says ESG investing isn't one-size-fits all

New CEO of Man Group says clients' needs and goals drive the bus when it comes to making allocation decisions.

Man Group's Robyn Grew on AI

Blackstone's Joe Dowling likes these strategies for hedge funds

Hedge fund managers are including ESG considerations as both risk factors and alpha generators in their strategies.

How this survey was conducted

P&I’s process for collecting worldwide assets under management from hedge fund managers.