The Largest Hedge Funds
271 firms on this list · showing the ten largest · ranked by regulatory assets under management on Form ADV
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1
$720.8Breg. AUM
Millennium Management
Multi-strategy hedge fund running many independent trading teams across global liquid markets.
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2
$570.6Breg. AUM
Citadel
Multistrategy hedge fund trading equities, fixed income, commodities and quantitative strategies globally.
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3
$311.7Breg. AUM
AQR Capital Management
Quantitative manager running factor-based hedge fund and long-only strategies across global markets.
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4
$274.1Breg. AUM
Point72
Steven Cohen's multi-strategy hedge fund trading fundamental equities, systematic and macro strategies.
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5
$248.1Breg. AUM
Balyasny Asset Management
Multi-strategy multi-manager hedge fund trading equities, macro, credit and commodities.
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6
$232.8Breg. AUM
Two Sigma
Quantitative investment manager using data science and systematic models across public markets.
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7
$227.0Breg. AUM
Squarepoint Capital
Quantitative multi-strategy hedge fund trading systematic strategies across global liquid markets.
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8
$225.3Breg. AUM
Schonfeld Strategic Advisors
Multi-manager hedge fund trading quantitative, fundamental equity, tactical and macro strategies.
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9
$213.4Breg. AUM
D. E. Shaw & Co.
Quantitative and discretionary investment firm trading global markets, with some private investments.
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10
$210.9Breg. AUM
Taula Capital Management
Discretionary global macro hedge fund trading rates, FX and inflation in developed markets.
How this list is built
The number
Regulatory assets under management as disclosed on Form ADV, filed with the SEC. Each filing is public.
Where a firm sits
Firms are placed by the strategy they are principally known for. A manager filing several entities appears once, at its largest.
What is excluded
Banks, brokerages, index managers and wealth advisers. Their assets are a different measure and ranking them beside a fund’s regulatory assets would be meaningless.
Links
Every website is checked as the firm’s own site before publication. Where we cannot confirm one, we print no link rather than a guess.