The 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%
11 Davidson Kempner Capital Management $37,123 -0.9% 18.2% 72.7%
12 Marshall Wace $34,665 0.8% -0.4% 206.8%
13 Brevan Howard Asset Management $32,900 40.9% 325.1% -17.2%
14 Ruffer $31,313 -1.1% N/A N/A
15 Point72 Asset Management $30,600 17.2% 135.4% 119.0%
16 AQR Capital Management $29,700 5.3% -64.5% 22.7%
17 Anchorage Capital Group $27,300 0.7% 65.5% 165.0%
18 Capula Investment Management $26,900 7.6% 56.7% 180.2%
19 PIMCO $25,619 11.1% 37.4% 66.3%
20 Baupost Group $23,879 -9.2% -23.0% -15.0%
21 Wellington Management $22,769 -8.8% 60.7% N/A
22 BlackRock $22,606 3.6% -24.3% -21.2%
23 GoldenTree Asset Management $21,483 11.1% 69.0% 188.7%
24 Balyasny Asset Management $21,000 31.3% N/A N/A
25 Hudson Bay Capital Management $19,670 15.0% 602.5% 1169.0%
26 D1 Capital Partners $19,500 -5.3% N/A N/A
27 Graham Capital Management $18,475 0.8% 24.1% 153.0%
28 Systematica Investments* $16,737 5.4% 101.7% N/A
29 Pershing Square Capital Management** $16,155 21.7% 94.3% 22.4%
30 Appaloosa Management $14,900 6.4% -1.3% 3.6%
31 SPX Capital $14,021 -4.0% N/A N/A
32 Tudor Investment Corp. $13,300 8.1% N/A 18.3%
33 Magnetar Capital $13,255 4.2% 2.8% 45.7%
34 Schonfeld Strategic Advisors $13,000 -5.8% N/A N/A
35 ExodusPoint Capital Management $12,500 -6.7% N/A N/A
36 Waterfall Asset Management $12,500 13.6% 87.5% N/A
37 Canyon Capital $11,500 -9.4% -53.1% -49.1%
38 Capital Fund Management $11,203 16.5% N/A N/A
39 Capstone Investment Advisors $11,044 23.6% 89.9% 367.0%
40 Pharo Management** $11,000 37.5% 10.0% N/A
41 Cheyne Capital $10,860 6.8% 64.7% 110.4%
42 Beach Point Capital Management $10,506 N/A N/A N/A
43 Winton Group $10,194 10.5% -60.6% -57.5%
44 Third Point $9,778 -20.4% -44.6% -17.1%
45 Garda Capital Partners $9,676 14.9% 179.4% N/A
46 Milburn Ridgefield Corp. $9,668 N/A N/A N/A
47 Pictet Asset Management $9,591 -1.0% N/A N/A
48 King Street Capital Management $9,416 -8.9% -49.9% -48.5%
49 Sculptor Capital Management $9,000 -41.9% N/A N/A
50 PDT Partners $8,500 0.0% 41.7% 269.6%
51 Orchard Global Asset Management $8,155 N/A N/A N/A
52 Crabel Capital Management $7,778 -13.5% N/A N/A
53 Aspect Capital $7,544 -23.8% -1.5% 12.6%
54 Nephila Capital $7,238 -15.3% -40.7% -19.7%
55 Verition Fund Management $7,100 N/A N/A 154.1%
56 Diameter Capital Partners $6,815 2.5% N/A N/A
57 Eminence Capital $6,600 13.8% 32.0% N/A
58 EJF Capital** $6,500 182.6% 164.4% N/A
59 HG Vora Capital Management $6,500 -1.5% 58.5% N/A
60 Mariner Investment Group $6,346 4.1% N/A 58.7%
61 Samlyn Capital $6,300 6.8% 40.0% 82.6%
62 Aristeia Capital $6,231 1.1% N/A N/A
63 Ellington Management Group $6,100 -27.4% 8.9% 41.9%
64 RTW Investments $6,000 N/A N/A N/A
65 Lighthouse Partners $5,998 36.0% N/A N/A
66 J.P. Morgan Asset and Wealth Management $5,549 48.0% 8.0% -74.8%
67 VR Capital Group $5,313 16.0% N/A N/A
68 Voleon Capital Management $4,800 N/A N/A N/A
69 Hildene Capital Management $4,620 77.7% 75.9% N/A
70 Lone Pine Capital $4,612 -15.0% N/A -79.0%
71 LibreMax Capital $4,300 -13.5% 48.3% 49.7%
72 Gramercy Funds Management $4,079 3.1% 8.7% 69.7%
73 Contrarian Capital Management $4,000 N/A -24.2% N/A
74 Fasanara Capital $4,000 N/A N/A N/A
75 Lakefront Beijing Office $4,000 N/A N/A N/A
76 Saba Capital Management $4,000 -9.7% 185.7% -22.8%
77 Paloma Partners $3,900 -9.3% -15.2% 105.3%
78 Abbey Capital Limited $3,668 -4.0% N/A N/A
79 Candlestick Capital $3,200 -5.9% N/A N/A
80 Weiss Multi-Strategy Advisers $3,200 0.0% N/A N/A
81 Statar Capital $3,180 -0.3% N/A N/A
82 Valley Forge Capital $3,032 30.5% N/A N/A
83 Empyrean Capital Partners $2,900 -15.1% -16.7% N/A
84 Anomaly Capital $2,800 21.7% N/A N/A
85 Greenlight Capital $2,700 22.7% -50.9% -69.3%
86 Acadian Asset Management $2,683 7.9% -9.9% N/A
87 Senvest Management $2,647 8.7% N/A N/A
88 TIG Advisors $2,500 -19.4% -13.8% 103.3%
89 Cadian Capital Management $2,465 N/A N/A N/A
90 Quest Partners $2,459 -2.1% 46.1% N/A
91 Bardin Hill Investment Partners $2,400 -7.7% N/A N/A
92 Rubric Capital Management $2,230 17.4% 107.2% N/A
93 Kepos Capital $2,100 10.5% -30.0% 17.1%
94 PGIM Fixed Income $2,020 N/A N/A N/A
95 P. Schoenfeld Asset Management $2,019 -30.0% N/A -8.2%
96 Long Pond Capital $2,000 0.0% -25.9% N/A
97 SurgoCap Partners $2,000 N/A N/A N/A
98 Owl Creek Asset Management $1,871 -15.3% N/A N/A
99 Hein Park Capital Management $1,700 -6.1% N/A N/A
100 Gotham Asset Management $1,500 N/A 7.1% N/A
101 Massar Capital Management $1,462 19.6% N/A N/A
102 Electron Capital Partners $1,400 N/A N/A N/A
103 Shenkman Capital $1,300 -28.6% N/A N/A
104 Wexford Capital $1,200 0.0% -50.0% -45.5%
105 Indus Capital Partners $846 -17.9% N/A -84.2%
106 Kingdon Capital Management $649 N/A -50.7% -73.9%
107 Pine River Capital Management $257 N/A N/A -97.1%
108 Cambrian Asset Management $123 -49.8% N/A N/A
109 Anacapa Advisors $30 N/A N/A N/A
Total $ 1,500,078

 

What a shitty presentation.
At least use a spreadsheet.

 

Looks like the law of large numbers has caught up with Bridgewater. Hard to believe RenTech did so badly. I guess without Simons they aren't as good.

 

List is incomplete. I know several funds that are missing.

 

Fall in AUM isn't neccesarily due to poor performance.

GAT

 

Yup,an old buddy co- runs Marathon..I think hes up to 23 billion..no mention

 

Man group is over 150 yards, but here only says 70bn...

 

%%
Bridgewater founder said '' work well.....+LIFE is like a journey......''
Looks like many + money moved out about the time he did. Good read anyway .

 

Very surprised by Rennaisance numbers.

Are they correct? Down 26% for the year and also 26% over 5 years?

 

aum