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.
