Following are the 10 largest hedge funds in the world ranked by discretionary assets under management (AUM) according to Pensions & Investments survey.
There are over 9,000 hedge funds in the world according to SEC (U.S. Securities and Exchange Commission) or 8,200 hedge funds according to HFR (Hedge Fund Research, Inc). How many assets are under the management of the hedge fund industry? The answer is $3.6 trillion according to SEC or $3.1 trillion according to HFR.
1. Bridgewater Associates, founded in 1975, is the world’s largest hedge fund firm with $123 billion in hedge fund assets. The company’s total assets under management amounted to approximately $160 billion as of May 18, 2018.
Founder: Ray Dalio
Number of employees: 1,700
Headquarters Address:
One Glendinning Place
Westport, CT 06880
United States
Phone: +1 (203) 226 3030
2. AQR Capital Management is the second largest hedge fund in the world with discretionary AUM of $77 billion. The company’s total assets under management amounted to $225 billion as of December 31, 2017. The firm is headquartered in Greenwich, Connecticut, with offices in Chicago, Los Angeles, Boston, London, Hong Kong and Sydney.
Founders: Cliff Asness, David Kabiller, Krail, John Liew
Number of employees: 870
Headquarters Address:
Two Greenwich Plaza
3rd Floor
Greenwich, CT 06830
United States
Phone: 203-742-3600
3. Man Group is a British hedge fund manager headquartered in London. It is the world’s largest publicly-traded hedge fund which controls $53 billion in hedge fund assets. The total assets under management amounted to $109 billion as of December 31, 2017.
CEO: Luke Ellis
Number of employees: 1,250
Headquarters Address:
Riverbank House
2 Swan Lane
London, EC4R 3AD
United Kingdom
Phone: +44 20 7144 1000
4. Renaissance Technologies is an American hedge fund established in 1982. It offers products and services to pooled investment vehicles, financial institutions and corporations. The company has over $50 billion in hedge fund assets under management.
Founder: James Simons
Number of employees: 300
Headquarters Address:
800 Third Avenue
New York, NY 10022
United States
Phone: 212 829 4460
5. Two Sigma Investments is a New York-based firm established in 2001. It is one of the biggest quantitative hedge funds with about $50 billion in assets under management. The company has additional offices in Houston, London and Hong Kong.
Founders: David Siegel, John Overdeck, Mark Pickard
Number of employees: 1,200
Headquarters Address:
100 Avenue of the Americas
16th Floor
New York, NY 10013
United States
Phone: +1 212 625 5700
6. Millennium Management is a global hedge fund manager providing discretionary investment advisory services to private funds. As of March 1, 2018, the firm reported assets under management of $36 billion. The company is headquartered in New York with locations in Old Greenwich, Singapore, Hong Kong, Geneva, Tokyo and London.
Founder: Israel Englander
Number of employees: 2,400+
Headquarters Address:
666 Fifth Avenue
New York, NY, 10103
United States
Phone: (212) 841 4100
Hours: Open 24 hours, Monday-Sunday
7. Elliott Management Corp., founded in1977, is a privately owned hedge fund sponsor. It is also the world’s largest activist fund. The firm invests in the public equity, fixed income, and alternative investment markets. The company has approximately $34 billion in hedge fund AUM.
Founder: Paul Elliott Singer
Number of employees: n/a
Headquarters Address:
40 West 57th Street
New York, NY 10019
United States
Phone: 212 974 6000
8. The Baupost Group is a privately owned hedge fund managed by billionaire Seth Klarman. It was established in May 1982 and is headquartered in Boston, Massachusetts. The company has $31 billion in assets under management. Baupost does not manage assets on a non-discretionary basis.
Founder: Seth Klarman
Number of employees: 200+
Headquarters Address:
10 Saint James Avenue
Suite 1700
Boston, MA 02116
United States
Phone: 617 210 8300
9. BlackRock, established in 1988, is a global investment management firm serving governments, companies, foundations, and individuals in North and Latin America, Europe, Asia, the Middle East, Africa and Australia. The firm has about $28 billion in hedge fund AUM. The total assets under management across fixed income, equity, alternative investment, cash management, real estate and advisory strategies amounted to US$6.3 trillion as of January 2018.
Founder, Chairman and CEO: Laurence Douglas Fink (Larry Fink)
Total annual compensation: $25.5 million (2016 FY)
Number of employees: 13,000
Headquarters Address:
55 East 52nd Street
New York, NY 10055
United States
Phone: 212 810 5300
10. Winton Group is the 10th largest hedge fund in the world based on $27 billion of assets under management. Winton is a British hedge fund firm launched in 1997 and is headquartered in London. It also has office in Oxford and international branches in New York, San Francisco, Zurich, Sydney, Shanghai, Tokyo and Hong Kong.
Founder: David Harding
Number of employees: 450
Headquarters Address:
Grove House
27 Hammersmith Grove
London, W6 0NE
United Kingdom
Phone: 44 20 857 6580