75 Largest Hedge Funds in the World in 2020

For anyone who is interested in the investment and finance market, an important topic to discover is related to the largest hedge funds in the world.

These companies are dedicated to insurance and investments, and they all deliver high-quality services on a global scale.

If you want to discover everything there is to know about hedge funds and the major names of hedge funds, just read through our top 75 largest hedge funds in the world.

75. Nephila Capital

  • Owner: Nephila Holdings Limited
  • Based: Bermuda
  • Founded: 1977
  • Assets: $10 billion
  • Website: nephila.com

Located on the exotic island of Bermuda, Nephila Capital takes its name from a hurricane-predicting spider which lives in the tropical area. Nephila Capital is one of the largest hedge fund companies specialized in reinsurance risk.

74. HBK Capital Management

  • Owner: Employee Owned
  • Based: Dallas
  • Founded: 1991
  • Assets: $9.7 billion
  • Website: hbk.com

HBK Capital Management is a unique hedge fund company, which only invests a small part of its total assets. The Texas-based fund is currently among the largest hedge funds in the world, employing over 180 people.

73. Beach Point Capital Management

  • Owner: Employee Owned
  • Based: Santa Monica
  • Founded: 2009
  • Assets: $9.86 billion
  • Website: beachpoint.capital

The Beach Point Capital Management has had a stellar evolution in just a few years of existence. Only one year after its founding, Beach Point Capital Management achieved the position of the 83rd largest hedge fund in the world, with an estimated AUM of over $9 billion.

72. Cerberus Capital Management

  • Owner: Steve Feinberg
  • Based: New York
  • Founded: 1992
  • Assets: $30 billion
  • Website: cerberuscapital.com

Founded 24 years ago by Steve Feinberg, Cerberus Capital Management is currently on the list of largest hedge funds in the United States. This private equity firm is mainly specialized in distressed investing.

71. Carlson Capital

  • Owner: Employee Owned
  • Based: Dallas
  • Founded: 1993
  • Assets: $20.59 billion
  • Website:  carlsoncapital.com

Another Texas-based company, Carlson Capital is based on a three principles: philosophy, people and process. Founder Clint Carlson was among the largest hedge fund managers in the United States when he built the company in 1993.

70. Coatue Management

  • Owner: Philippe Laffont
  • Based: New York
  • Founded: 1999
  • Assets: $ 14.38 billion
  • Website: coatue.com

Phillippe Laffont is the visionary entrepreneur behind Coatue Management. He has used his experience to create and manage this technology-oriented company, that is currently ranking high on any of the largest hedge funds list or top.

69. Tiger Global Management

  • Owner: Charles (Chase) Coleman III
  • Based: New York
  • Founded: 2001
  • Assets: $20 billion
  • Website: linkedin.com

Owned by one of the youngest, most successful businessmen, Chase Coleman III, Tiger Global Management is among the 100 largest hedge funds worldwide. With over 60 employees, Tiger Global Management is a success story in the financial and investment sector.

68. CarVal Investors

  • Owner: Cargill Incorporated
  • Based: Minnesota
  • Founded: 1987
  • Assets: $10 billion
  • Website: carvalinvestors.com

Managing to survive and even take advantage of the financial crisis, this experienced hedge fund company is focused on credit-intensive and distressed assets. CarVal Investors benefits from a team of professionals who steered the company in the right way even in the harshest financial times.

67.  Pine River Capital Management

  • Owner: Brian Taylor
  • Based: Minnetonka
  • Founded: 2002
  • Assets: $14 billion
  • Website: pinerivercapital.com

Pine River Capital Management is an asset management company. They trade fixed incomes, stocks and derivatives, being one of the largest hedge funds by AUM (Assets Under Management) in the world.

66. Centerbridge Partners

  • Owner: Mark Gallogly, Jeffrey Aronson
  • Based: New York
  • Founded: 2005
  • Assets: $25 billion
  • Website: centerbridge.com

Centerbridge Partners has its headquarters in New York, and an additional office located in London. Among the largest US funds, Centerbridge Partners invests in control situations (public debt and equity), as well as non-control situations (public market equity and debt).

65. Capula Investment Management

  • Owner: Yan Huo, Masao Asai
  • Based: London
  • Founded: 2005
  • Assets: $10.2 billion
  • Website: capulaglobal.com

Fouded in 2005 by Yan Huo and Masao Asai, Capula Investment Management quickly climbed to the top of the 100 largest hedge funds. Currently, the company ranks eight on the top of largest hedge funds in Europe.

64. Point State Capital

  • Owner: Zachary Schreiber
  • Based: New York
  • Founded: 2010
  • Assets: $10.76 billion
  • Website: octafinance.com

Among all of the tops dedicated to the largest hedge fund administrators you will find Zach Schreiber. The owner of Point State Capital, Zach Schreiber, is managing a company that has assets that value more than $10 billion.

63. Fir Tree Partners

  • Owner: Jeffrey Tannenbaum
  • Based: New York
  • Founded: 2009
  • Assets: $18 billion
  • Website:  firtree.com

Fir Tree Parners is one of the largest hedge funds 2014, according to statistics that estimated the company’s AUM at around $18 billion. It is owned by its founder, Jeffrey Tannenbaum who started the company in 2009.

62. Glenview Capital Management

  • Owner: Larry Robbins
  • Based: New York
  • Founded: 2000
  • Assets: $17.5 billions
  • Website:  wikipedia.org

Glenview Capital Management has an investment style that focuses on the so-called GARP strategy, growth at a reasonable price. They offer services for companies that work in stable and steady industries.

61. Magnetar Capital

  • Owner: Alec Litowitz, Ross Laser
  • Based: Illinois
  • Founded: 2005
  • Assets: $13.5 billion
  • Website: magnetar.com

Magnetar Capital is an investment hedge fund firm based in Evanston, Illinois. The company was actively involved in Collateralized Debt Obligation between 2006 and 2007.

60. TCI Fund Management

  • Owner: Chrisopher Hohn
  • Based: London
  • Founded: 2003
  • Assets: $10.9 billion
  • Website: tcifund.com

The Children’s Investment Fund Management is one of the largest UK hedge funds. They aim to invest globally in businesses that are sustainable and are also involved in the public market sector.

59. Discovery Capital Management

  • Owner: Direct Access Group, LLC
  • Based: Connecticut
  • Founded: 1999
  • Assets: $25.5 billion
  • Website: discoverycapital.com

Dedicated to hedge funds managing, Discovery Capital Management is among the world’s largest hedge funds. They are interested in supporting clean technology-related businesses from around the globe.

58. GoldenTree Asset Management

  • Owner: Steven Tananbaum
  • Based: New York
  • Founded: 2000
  • Assets: $26 billion
  • Website: goldentree.com

Golden Tree is one of the largest hedge funds in the United Stated and it specialized in corporate, as well as structure credit markets.

57. Graham Capital Management

  • Owner: Kenneth G. Tropin
  • Based: Connecticut
  • Founded: 1994
  • Assets: $12 billion
  • Website: grahamcapital.com

Among the largest credit hedge funds, Graham Capital Management is leading the market of alternative investment. They currently have an AUM of over $12 billion.

56. JANA Partners

  • Owner: Barry Rosenstein
  • Based: New York
  • Founded: 2001
  • Assets: $10 billion
  • Website: janapartners.com

Jana Partners is a company founded by Barry Rosenstein who is also the current CEO. Jana makes investments across capital structure in both equity and debt.

55. Odey Asset Management

  • Owner: Crispin Odey
  • Based: London
  • Founded:1991
  • Assets: $10.2 billion
  • Website: odey.com

Odey Asset Management is one of the largest European hedge funds, being located in London. Owned by Crispin Odey, the company focuses on hedge funding and market investments.

54. Angelo, Gordon and Co.

  • Owner: Employee Owned
  • Based: New York
  • Founded: 1988
  • Assets: $27 billion
  • Website: angelogordon.com

One of the most respected hedge funds on the American Market, Angelo, Gordon and Co. was founded in the late eighties by Michael L. Gordon and John M. Angelo.

53. Balyasny Asset Management

  • Owner: Employee Owned
  • Based: Chicago
  • Founded: 2001
  • Assets: $4 billion
  • Website: bamfunds.com

Balyasny Asset Management caters to the needs of both corporations and high worth individuals, being one of the largest hedge funds Chicago based.

52. Highfields Capital Management

Highfields Capital Management LP was founded in 1998 by Jonathon S. Jacobson and it is an investment management company. Apart from their main clients, they also manage investment funds for philanthropic and charitable foundations.

51. CQS Capital

  • Owner: Michael Hintze
  • Based: London
  • Founded: 1999
  • Assets: $12.6 billion
  • Website: cqscapital.com

CQS is an asset management company that focuses on multi-strategy areas such as credit, equities or loans.

50. Cevian Capital

  • Owner: Christer Gardell, Lars Förberg
  • Based: Stockholm, Sweden
  • Founded: 2002
  • Assets: $10 billion
  • Website: ceviancapital.com

One of the largest hedge fund companies in the world, Cevian Capital mainly focuses on international investment. They are one of the largest hedge funds active in Europe.

49. Tudor Investment Corp.

  • Owner: Paul Tudor Jones II
  • Based: Connecticut
  • Founded: 1980
  • Assets: $11 billion
  • Website: tudorfunds.com

Founded by Paul Tudor Jones II, Tudor Investment manages and invests funds, being active in the public equity area.  It is currently one of the top US hedge funds.

48. Henderson AlphaGen

  • Owner: Henderson Group
  • Based: London
  • Founded: 1999
  • Assets: $ 5.27 billion
  • Website: henderson.com

Henderson AlphaGen is one of the largest UK-based hedge funds. They have a loyal European client base, focusing on high-income clients.

47. Fortress Investment Group

  • Owner: Public
  • Based: New York
  • Founded: 1998
  • Assets: $66 billion
  • Website: fortress.com

With a remarkable evolution, Fortress Investment Group quickly gained recognition as one of the biggest hedge funds in the world. In 2014, it was named Hedge Fund Manager of the Year (Institutional Investor) and Management Firm of the Year (HFMWeek).

46. BlueMountain Capital Management

BlueMountain Capital Management is a privately owned hedge funds that has locations both in New York and London. The company invests in fixed income and public equity.

45. Lansdowne Partners

  • Owner: Paul Ruddock, Steven Heinz
  • Based: London
  • Founded: 1998
  • Assets: $18 billion
  • Website: lansdownepartners.com

One of the oldest and most prestigious hedge funds in the world, Lansdowne Partners offers its services directly to pooled investment sources.

44. Pershing Square Capital Management

One of the most successful top US hedge funds, Pershing Square Capital Management is owned by billionaire Bill Ackman. They provide high-quality services around the globe.

43. Bracebridge Capital

Bracebridge Capital is one of the largest hedge funds in Boston and it is managed and run by a woman, Nancy Zimmerman.

42. Wellington Hedge Management

Wellington Hedge Management is one of the most secretive hedge firms on the market, belonging to the funding giant Wellington Management.

41. Anchorage Capital Group

Anchorage Capital Group is one of the largest hedge funds on the market, employing 164 people and providing services to over 100 clients worldwide.

40. Canyon Partners

  • Owner: Employee Owned
  • Based: Los Angeles
  • Founded: 1990
  • Assets: $23 billion
  • Website: canyonpartners.com

One of the top hedge fund firms from the United States, Canyon Partners was founded by Joshua S. Friedman and Mitchell R. Julis.

39. Moore Capital Management

  • Owner: Sponsor-Owned
  • Based: New York
  • Founded: 1989
  • Assets: $44.02 billion
  • Website: moorecapitalllc.com

An important presence on any list of hedge funds by AUM, Moore Capital Management has a long history of high-quality services.

38. Value Partners

  • Owner: Independent
  • Based: Hong Kong
  • Founded: 1993
  • Assets: $17.8 billion
  • Website: valuepartners.com.hk

Value Partners is one of the biggest hedge fund in the world, having their headquarters located in Hong Kong. They are among the most important players in the financial world of Asia.

37. Paulson & Co.

  • Owner: John Paulson
  • Based: New York
  • Founded: 1994
  • Assets: $18 billion
  • Website: paulsonco.com

Paulson & Co is an alternative investment firm which focuses on event driven investments. The original founder, John Paulson, is currently serving as manager.

36. Third Point

  • Owner: Privately Owned
  • Based: New York
  • Founded: 1995
  • Assets: $17.5 billion
  • Website: thirdpoint.com

After a stellar evolution, Third Point management became one of the largest hedge funds 2013. Three years later, the company is still among the top hedge fund firms in the world.

35. Brummer & Partners

  • Owner: Patrick Brummer, Per Josefsson, Peter Thelin
  • Based: Stockholm, Sweden
  • Founded: 1996
  • Assets: $14 billion
  • Website:  brummer.se

Brummer & Partners is among the largest hedge funds in Europe, being a respected player on the global market as well.

34. ValueAct Capital Management

  • Owner: Privately Owned
  • Based: San Francisco
  • Founded: 2000
  • Assets: $11 billion
  • Website: valueact.com

ValueAct Capital Management is privately owned and it provides services to both high worth institutions and individuals.

33. Appaloosa Management

  • Owner: David Tepper
  • Based: Miami Beach
  • Founded: 1993
  • Assets: $14 billion
  • Website: amlp.com

One of the main, large hedge fund companies on the market, Appaloosa Management is specialized in distress debt.

32. Farallon Capital Management

  • Owner: Tom Steyer
  • Based: San Francisco
  • Founded: 1986
  • Assets: $21.5 billion
  • Website: faralloncapital.com

In 2011 Farallon Capital Management became the 12th biggest hedge fund on the planet, managing both individuals and companies.

31. King Street Capital Management

  • Owner: Privately Owed
  • Based: London
  • Founded: 1995
  • Assets: $22 billion
  • Website: kingstreet.com

Founded by Francis Biondi Jr. and Brian J. Higgins, King Street Capital Management is one of the largest hedge funds in the UK, ranking high in the global tops as well.

30. Platinum Asset Management

  • Owner: Kerr Neilson
  • Based: Australia
  • Founded: 1994
  • Assets: $24 billion
  • Website: platinum.com.au

Platinum Asset Management is a very successful Australian hedge fund firm which turned its owner, South-African Kerr Neilson into a top 50 Richest Australians according to Forbes.

29. Hillhouse Capital Management

  • Owner: Lei Zhang
  • Based: Beijing
  • Founded: 2005
  • Assets: $20 billion
  • Website: hillhousecap.com

Among the top hedge funds by AUM, this Asian-based company has managed to bloom and steadily increase its revenue since its creation in 2005.

28. York Capital Management

York Capital Management’s main area of activity is investing in event driven and merger strategies for high-end clients.

27. Marshall Wace

  • Owner: Paul Marshall, Ian Wace
  • Based: London
  • Founded: 1997
  • Assets: $15 billion
  • Website: mwam.com

A major hedge funds firm is Marshall Wace, located in London. The firm deals with both long and short equity funds.

26. Citadel

  • Owner: Kenneth C. Griffin
  • Based: Chicago
  • Founded: 1990
  • Assets: $25 billion
  • Website: citadel.com

Citadel is an American Hedge Fund company that operates with alternative asset management tools. They are currently among the largest hedge fund firms in the world.

25. Davidson Kempner Capital Management

  • Owner: Employee owned
  • Based: New York
  • Founded: 1983
  • Assets: $25.4 billion
  • Website: dkpartners.com

This major hedge fund firm is one of the most prestigious on the market, offering high-quality services for over 30 years.

24. Elliot Management Corporation

  • Owner: Paul Singer
  • Based: New York
  • Founded: 1977
  • Assets: $27 billion
  • Website: elliottmgmt.com

Elliot Management Corporation is an American hedge fund which is mainly active on the distressing security market, such as debt in almost bankrupt companies.

23. Adage Capital Management

  • Owner: Employee Owned
  • Based: Boston
  • Founded: 2001
  • Assets: $8.9 billion
  • Website: www.adagecapital.com

Adage Capital Management is a Boston-based major hedge funds firm in the world. Founded in 2001, Adage is a power player on the market.

22. Baupost Group

  • Owner: Seth Klarman
  • Based: Boston
  • Founded: 1982
  • Assets: $29.4 billion
  • Website: baupost.com

We are getting closer to the top of our list of biggest hedge funds companies and the Boston and London based Baupost Groups is one of the largest firms on our top.

21. Lone Pine Capital

  • Owner: Privately Owned
  • Based: Connecticut
  • Founded: 1997
  • Assets: $24.5 billion
  • Website: lonepinecapital.com

Lone Pine Capital was founded by Stephen Mandel who is currently serving as President of the Connecticut-based company.

20. Viking Global Investors

  • Owner: Ole Andreas Halvorsen
  • Based: Connecticut
  • Founded: 1999
  • Assets: $28.8 billion
  • Websites: vikingglobal.com

This American hedge fund has its headquarters in Greenwich, and it is currently ranking among the largest investment management firms in the world.

19. Winton Capital Management

  • Owner: David Harding
  • Based: London
  • Founded: 1997
  • Assets: $28 billion
  • Website: wintoncapital.com

Among the top 10 hedge funds in the world, we find Winton Capital Management, a British Company that offers its services on a global scale.

18. Two Sigma

  • Owner: John Overdeck
  • Based: New York
  • Founded: 2001
  • Assets: $35 billion
  • Website: twosigma.com

Two Sigma is proud to state that they are an original investment manager which follows principles of innovation and technology.

17. Brevan Howard Capital Management

  • Owner: Allan Howard
  • Based: Jersey
  • Founded: 2002
  • Assets: $40 billion
  • Website: brevanhoward.com

Considered one of the largest macro-funds on the planet, Brevan Howard Capital Management offers its services to high-end clients and businesses.

16. Och-Ziff Capital Management

  • Owner: Daniel S. Och
  • Based: New York
  • Founded: 1994
  • Assets: $42 billion
  • Website: ozcap.com

Among the major hedge funds on the planet, Och-Ziff Capital Management is a company dedicated to alternative global asset management.

15. Grantham, Mayo, Van Otterloo & Co. [GMO]

  • Owner: Privately Owned
  • Based: Boston
  • Founded: 1977
  • Assets: $64 billion [2019]
  • Website: gmo.com

This prestigious hedge fund company has a long history of success since its founder, Jeremy Grantham first created the firm in 1977. One of the largest hedge funds in Boston, Grantham, Mayo, Van Otterloo & Co. are still among the biggest players in the investment world.

14. Renaissance Technologies

  • Owner: James H. Simons
  • Based: New York
  • Founded: 1982
  • Assets: $65 billion
  • Website:  rentec.com

With an AUM of $65 billion and over 200 employees, Renaissance Technologies is among the largest hedge funds firms in the world.

13. GSO Capital Partners

  • Owner: The Blackstone Group
  • Based: New York
  • Founded: 2005
  • Assets: $55 billion
  • Website: blackstone.com

Currently one of the top hedge fund firms active on the market, GSO Capital Partners is credit-oriented hedge fund company. They are also an important player on the leveraged finance marketplace.

12. Man Group

  • Owner: Jon Aisbitt
  • Based: London
  • Founded: 1783
  • Assets: $78.1 billion
  • Website: man.com

Among the top 10 hedge funds in the world, Man Group has a long history of high-quality services that have taken them to a AUM of over $78 billion.

11. D.E. Shaw & Co.

  • Owner: David E. Shaw
  • Based: New York
  • Founded: 1988
  • Assets: $81.36 billion
  • Website: deshaw.com

D.E. Shaw & Co. is currently ranking at number 7 on the top dedicated to the largest hedge funds in the world, with an AUM od over $80 billion.

10. GAM Holding

  • Owner: Independent
  • Based: Switzerland
  • Founded: 1983
  • Assets:  $116.6 billion [2019]
  • Website: gam.com

GAM Holding is located in Zurich and it has offices all around the world, being one of the most important European hedge funds.

9. AQR Capital Management

  • Owner: Affiliated Managers Group
  • Based: Connecticut
  • Founded: 1998
  • Assets: $153.6 billion
  • Website: aqr.com

Another famous hedge fund that has an impressive AUM is the Connecticut-based AQR Capital Management.

8. Bridgewater Associates

  • Owner: Ray Dalio, Bob Prince
  • Based: Wesport, Connecticut
  • Founded: 1975
  • Assets: $160 billion [2019]
  • Website: bwater.com

The winner of the title of largest hedge fund in the world is Bridgewater Associates. This prestigious firm has delivered quality services since the beginning, remaining relevant after 40 years.

7. Millennium Management

  • Owner: Privately Owned
  • Based: New York
  • Founded: 1989
  • Assets: $207 billion
  • Website: mlp.com

Another remarkable company that has managed to evolve and gain success on the investment market, Millennium Management is our top 5 largest hedge funds winner.

6. Deutsche Bank Asset Management

  • Owner: Deutsche Bank
  • Based: New York
  • Founded: 1919
  • Assets: US$842 billion
  • Website: deutscheam.com

With a staggering AUM of over $800 billion, this bank-owned company is among the world leaders in wealth and asset management.

5. Credit Suisse Asset Management

  • Owner: Credit Suisse Group
  • Based: New York
  • Founded: 1856
  • Assets: US$ 832 billion [2020]
  • Website: credit-suisse.com

Credit Suisse Asset Management is among the biggest names of hedge funds companies in the world. The Swiss firm has a current AUM value of over $50 billion.

4. Goldman Sachs Asset Management

  • Owner: Goldman Sachs Group Inc.
  • Based: New York
  • Founded: 1989
  • Assets: US$992 billion [2019]
  • Website: assetmanagement.gs.com

Goldman Sachs used to be among the biggest hedge funds in the world, but the company didn’t perform as well in recent years. However, they are still among the largest hedge fund of funds on the market.

3. Pacific Investment Management Co.

  • Owner: Privately Owned
  • Based: New Port Beach
  • Founded: 1971
  • Assets: $1.52 trillion
  • Website: pimco.com

One of the largest multinational investment firms, Pacific Investment Management Co. currently employs over 2,000 people worldwide.

2. J.P. Morgan Asset Management

  • Owner: J.P. Morgan & Co.
  • Based: New York
  • Founded: 2000
  • Assets: $1.7 trillion
  • Website: jpmorgan.com

The second-largest hedge fund is J.P. Morgan Asset Management. This major player has been offering services to clients and businesses located all over the world for over 15 years.

1. BlackRock

  • Owner: Larry Fink
  • Based: New York
  • Founded: 1988
  • Assets: $4.6 trillion
  • Website: blackrock.com

Closing the top 10 hedge funds in the world is BlackRock, a company dedicated to asset management with a perspective on effective risk management.

Conclusion

With a variety of business plans and strategies, the 75 largest hedge funds come from a different location on the planet. There are developing industries for hedge funding all over the world and they shouldn’t be overlooked.

From New York to London and Hong Kong, now you know the most important, largest hedge funds available on the market. With high-quality services and amazing AUM numbers, all these companies are the living proof of financial success!

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