The Largest Hedge Fund Managers 2024

Top 10 Largest Hedge Fund Managers 2024

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

# Name Assets One-Year change Five-year change Ten-year change % Institutional
1 Bridgewater Associates $89,600 -7.8% -32.1% -1.8%
2 Man Group $77,500 10.9% 25.0% 85.9% 79.4%
3 Elliott Management $69,700 17.7% 84.5% 182.6%
4 Millennium Management $67,895 18.4% 75.1% 193.2% 34.4%
5 Citadel $63,430 6.6% 96.7% 202.0%
6 TCI Fund Management $63,000 12.5% 152.0% 79.4%
7 D.E. Shaw Group $53,715 12.5% 87.3% 124.0% 65.6%
8 Two Sigma Investments/Two Sigma Advisers $44,271 12.5% 3.2% 225.5% 79.7%
9 Goldman Sachs Asset Management $42,000 191.7%
10 Farallon Capital Management $40,300 3.1% 46.0% 96.6% 73.4%

Multimanager hedge funds are stepping up external allocations to other hedge funds amid talent war

Approximately 70% of multimanager hedge funds have done some form of external allocation, including Millennium, Schonfeld and Boothbay.

 

Dmitry Balyasny on the multistrategy hedge fund talent fight and a ‘very interesting’ time for stock picking

The co-founder and CIO of multistrategy hedge fund Balyasny Asset Management, Dmitry Balyasny, discusses the war for talent, recruiting portfolio managers, building business lines in commodities and systematic trading, and his own investing journey.

Hedge fund flows

Hedge funds are diving deeper into a hot area: private credit

Hedge funds have long invested in a wide range of credit, but in recent years amid the rise of private credit, many have also decided to dive deeper into the space through acquisitions or standalone funds.

Hedge funds launches and liquidations

 

How the hedge fund survey was conducted

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

Hedge fund returns