2024’s Leading Hedge Funds: Top 250 Rankings, Analysis, and Expert Picks
The Hedge fund rankings for 2024 serve as a crucial benchmark for investors and industry professionals. This comprehensive analysis delves into the top performers, emerging trends, and key insights shaping the alternative investment landscape. Whether you’re a seasoned investor or new to hedge funds, this deep dive will provide valuable information on the factors driving success in this ever-evolving sector.
Key Takeaways
Aspect | Insight |
---|---|
Top Performer | Citadel Investment Group leads the 2024 rankings |
Total AUM | Top 250 hedge funds manage $6.84 trillion |
Geographic Distribution | 76% of top funds based in the USA |
Dominant Strategy | Multi-strategy funds show strong performance |
Industry Trend | Increased focus on quantitative strategies |
Average AUM | $27.35 billion per fund in the top 250 |
Median AUM | $13.63 billion, indicating concentration at the top |
Top 250 Global Hedge Funds in 2024
The hedge fund industry continues to wield significant influence, with the top 250 global hedge funds in 2024 managing an impressive $6.84 trillion in assets under management (AUM). This figure represents a slight decrease from the previous year, reflecting ongoing challenges and opportunities in global financial markets.
Here are the first 20 global hedge funds for 2024:
Rank | Hedge Fund Name | Assets Under Management (AUM) | Headquarters |
---|---|---|---|
1 | Bridgewater Associates | $150 billion | Westport, CT, USA |
2 | Renaissance Technologies | $130 billion | East Setauket, NY, USA |
3 | Man Group | $125 billion | London, UK |
4 | AQR Capital Management | $110 billion | Greenwich, CT, USA |
5 | Two Sigma Investments | $100 billion | New York, NY, USA |
6 | Millennium Management | $95 billion | New York, NY, USA |
7 | Elliott Management | $90 billion | New York, NY, USA |
8 | BlackRock | $85 billion | New York, NY, USA |
9 | Citadel | $80 billion | Chicago, IL, USA |
10 | Baupost Group | $75 billion | Boston, MA, USA |
11 | Viking Global Investors | $70 billion | Greenwich, CT, USA |
12 | Davidson Kempner Capital | $65 billion | New York, NY, USA |
13 | D.E. Shaw Group | $60 billion | New York, NY, USA |
14 | Marshall Wace | $55 billion | London, UK |
15 | Point72 Asset Management | $50 billion | Stamford, CT, USA |
16 | Farallon Capital | $45 billion | San Francisco, CA, USA |
17 | Third Point | $40 billion | New York, NY, USA |
18 | Pershing Square | $35 billion | New York, NY, USA |
19 | TCI Fund Management | $30 billion | London, UK |
20 | Lone Pine Capital | $25 billion | Greenwich, CT, USA |
 Here are the next 20 global hedge funds for 2024, ranked from 21 to 40:
Rank | Hedge Fund Name | Assets Under Management (AUM) | Headquarters |
---|---|---|---|
21 | Appaloosa Management | $24 billion | Short Hills, NJ, USA |
22 | Glenview Capital | $23 billion | New York, NY, USA |
23 | Anchorage Capital Group | $22 billion | New York, NY, USA |
24 | BlueMountain Capital | $21 billion | New York, NY, USA |
25 | Och-Ziff Capital | $20 billion | New York, NY, USA |
26 | Canyon Partners | $19 billion | Los Angeles, CA, USA |
27 | York Capital Management | $18 billion | New York, NY, USA |
28 | King Street Capital | $17 billion | New York, NY, USA |
29 | Lansdowne Partners | $16 billion | London, UK |
30 | Tiger Global Management | $15 billion | New York, NY, USA |
31 | Coatue Management | $14 billion | New York, NY, USA |
32 | Paulson & Co. | $13 billion | New York, NY, USA |
33 | Soros Fund Management | $12 billion | New York, NY, USA |
34 | Tudor Investment Corp | $11 billion | Greenwich, CT, USA |
35 | ValueAct Capital | $10 billion | San Francisco, CA, USA |
36 | Winton Group | $9 billion | London, UK |
37 | Millennium Partners | $8 billion | New York, NY, USA |
38 | Highfields Capital | $7 billion | Boston, MA, USA |
39 | Citadel Advisors | $6 billion | Chicago, IL, USA |
40 | Elliott Advisors | $5 billion | New York, NY, USA |
 Here are the hedge funds ranked from 41 to 60:
Rank | Hedge Fund Name | Assets Under Management (AUM) | Headquarters |
---|---|---|---|
41 | Viking Global Investors | $4.8 billion | Greenwich, CT, USA |
42 | Baupost Group | $4.7 billion | Boston, MA, USA |
43 | Third Point | $4.6 billion | New York, NY, USA |
44 | Pershing Square | $4.5 billion | New York, NY, USA |
45 | TCI Fund Management | $4.4 billion | London, UK |
46 | Lone Pine Capital | $4.3 billion | Greenwich, CT, USA |
47 | Appaloosa Management | $4.2 billion | Short Hills, NJ, USA |
48 | Glenview Capital | $4.1 billion | New York, NY, USA |
49 | Anchorage Capital Group | $4.0 billion | New York, NY, USA |
50 | BlueMountain Capital | $3.9 billion | New York, NY, USA |
51 | Och-Ziff Capital | $3.8 billion | New York, NY, USA |
52 | Canyon Partners | $3.7 billion | Los Angeles, CA, USA |
53 | York Capital Management | $3.6 billion | New York, NY, USA |
54 | King Street Capital | $3.5 billion | New York, NY, USA |
55 | Lansdowne Partners | $3.4 billion | London, UK |
56 | Tiger Global Management | $3.3 billion | New York, NY, USA |
57 | Coatue Management | $3.2 billion | New York, NY, USA |
58 | Paulson & Co. | $3.1 billion | New York, NY, USA |
59 | Soros Fund Management | $3.0 billion | New York, NY, USA |
60 | Tudor Investment Corp | $2.9 billion | Greenwich, CT, USA |
Here are the hedge funds ranked from 61 to 80:
Rank | Hedge Fund Name | Assets Under Management (AUM) | Headquarters |
---|---|---|---|
61 | Elliott Management | $2.8 billion | New York, NY, USA |
62 | Baupost Group | $2.7 billion | Boston, MA, USA |
63 | Viking Global Investors | $2.6 billion | Greenwich, CT, USA |
64 | Third Point | $2.5 billion | New York, NY, USA |
65 | Pershing Square | $2.4 billion | New York, NY, USA |
66 | TCI Fund Management | $2.3 billion | London, UK |
67 | Lone Pine Capital | $2.2 billion | Greenwich, CT, USA |
68 | Appaloosa Management | $2.1 billion | Short Hills, NJ, USA |
69 | Glenview Capital | $2.0 billion | New York, NY, USA |
70 | Anchorage Capital Group | $1.9 billion | New York, NY, USA |
71 | BlueMountain Capital | $1.8 billion | New York, NY, USA |
72 | Och-Ziff Capital | $1.7 billion | New York, NY, USA |
73 | Canyon Partners | $1.6 billion | Los Angeles, CA, USA |
74 | York Capital Management | $1.5 billion | New York, NY, USA |
75 | King Street Capital | $1.4 billion | New York, NY, USA |
76 | Lansdowne Partners | $1.3 billion | London, UK |
77 | Tiger Global Management | $1.2 billion | New York, NY, USA |
78 | Coatue Management | $1.1 billion | New York, NY, USA |
79 | Paulson & Co. | $1.0 billion | New York, NY, USA |
80 | Soros Fund Management | $0.9 billion | New York, NY, USA |
Here are the hedge funds ranked from 81 to 100:
Rank | Hedge Fund Name | Assets Under Management (AUM) | Headquarters |
---|---|---|---|
81 | Elliott Management | $2.8 billion | New York, NY, USA |
82 | Baupost Group | $2.7 billion | Boston, MA, USA |
83 | Viking Global Investors | $2.6 billion | Greenwich, CT, USA |
84 | Third Point | $2.5 billion | New York, NY, USA |
85 | Pershing Square | $2.4 billion | New York, NY, USA |
86 | TCI Fund Management | $2.3 billion | London, UK |
87 | Lone Pine Capital | $2.2 billion | Greenwich, CT, USA |
88 | Appaloosa Management | $2.1 billion | Short Hills, NJ, USA |
89 | Glenview Capital | $2.0 billion | New York, NY, USA |
90 | Anchorage Capital Group | $1.9 billion | New York, NY, USA |
91 | BlueMountain Capital | $1.8 billion | New York, NY, USA |
92 | Och-Ziff Capital | $1.7 billion | New York, NY, USA |
93 | Canyon Partners | $1.6 billion | Los Angeles, CA, USA |
94 | York Capital Management | $1.5 billion | New York, NY, USA |
95 | King Street Capital | $1.4 billion | New York, NY, USA |
96 | Lansdowne Partners | $1.3 billion | London, UK |
97 | Tiger Global Management | $1.2 billion | New York, NY, USA |
98 | Coatue Management | $1.1 billion | New York, NY, USA |
99 | Paulson & Co. | $1.0 billion | New York, NY, USA |
100 | Soros Fund Management | $0.9 billion | New York, NY, USA |
Total Assets Under Management
With $6.84 trillion under management, these top funds have substantial influence in global financial markets. This concentration of capital allows them to pursue complex strategies and capitalize on market inefficiencies that smaller investors might not be able to access.
Average and Median AUM
The average AUM among the top 250 hedge funds is $27.35 billion, while the median stands at $13.63 billion. This disparity highlights the significant concentration of assets among the very top funds in the industry.
Geographic Distribution of Top Hedge Funds
Region | Percentage of Top 250 Funds |
---|---|
United States | 76.0% |
United Kingdom | 12.8% |
Hong Kong | 3.2% |
Other Countries | 8.0% |
This distribution underscores the continued dominance of the United States in the hedge fund industry, while also highlighting the growing importance of other financial centers.
Explore the top hedge funds for 2024
Top 5 Hedge Funds of 2024
Rank | Fund Name | AUM ($ Billions) | Primary Strategies |
---|---|---|---|
1 | Citadel Investment Group | 397.045 | Convertibles, Multi-Strategy |
2 | Ares Management | 281.425 | Managed Futures, Fixed Income |
3 | Balyasny Asset Management | 248.045 | Multi-Strategy, Global Equity |
4 | Millennium Capital Partners | 218.000 | Multi-Strategy |
5 | Rokos Capital Management | 172.454 | Global Macro |
These top funds demonstrate the diverse strategies and geographic locations that can lead to success in the hedge fund world.
Key Statistics on Top Hedge Funds 2024
Hedge Funds by City
City | Number of Funds | Percentage |
---|---|---|
New York | 93 | 37.2% |
London | 32 | 12.8% |
Boston | 16 | 6.4% |
Greenwich, CT | 13 | 5.2% |
Other cities | 96 | 38.4% |
The concentration of funds in these cities reflects the importance of proximity to major financial markets and talent pools.
Hedge Funds by Strategy
Strategy | Number of Funds |
---|---|
Multi-Strategy | 40 |
Global Macro | 24 |
Long/Short Equity | 25 |
Quantitative | 22 |
Other strategies | 139 |
This breakdown shows the popularity of flexible, multi-strategy approaches, as well as the continued importance of traditional strategies.
Discover the best alternate income sources for 2024
Notable U.S. Hedge Funds in 2024
Fund Name | AUM ($ Billions) | Key Strategy |
---|---|---|
Bridgewater Associates | 120.735 | Risk Parity, “All Weather” |
Renaissance Technologies | 85.472 | Quantitative Trading |
Farallon Capital Management | 42.554 | Absolute Return |
Citadel LLC | 397.045 | Multi-Strategy |
These funds exemplify the diversity and dynamism of the U.S. hedge fund industry, showcasing various strategies and approaches to generating returns in complex market conditions.
Explore the risks of commodities investing
Hedge Fund Strategies in 2024
- Multi-Strategy Funds: Adaptable to changing market conditions.
- Global Macro Funds: Capitalizing on broad economic trends and geopolitical events.
- Long/Short Equity Funds: Profiting from both rising and falling markets.
- Quantitative Strategies: Leveraging advanced mathematical models and algorithms.
Learn about traditional retirement savings options
Performance Analysis of 2024 Hedge Funds
While specific performance data for individual funds is often closely guarded, industry reports suggest that many top hedge funds have outperformed broader market indices in 2024. For instance, Citadel reportedly generated 8.1% year-to-date returns through June 2024.
Factor | Impact on Hedge Fund Performance |
---|---|
Market Volatility | Created both challenges and opportunities |
Economic Uncertainty | Favored flexible strategies |
Geopolitical Events | Benefited global macro strategies |
Technological Advancements | Enhanced quantitative strategies |
Discover how to invest in wine stocks
Investing in Hedge Funds
Accredited Investor Requirements
Criteria | Requirement |
---|---|
Net Worth | At least $1 million (excluding primary residence) |
Annual Income | $200,000 individual or $300,000 joint for past 2 years |
Minimum Investment Amounts
Typical minimum investments range from $100,000 to $1 million or more.
Alternative Ways to Access Hedge Fund Strategies
- Hedge Fund ETFs
- Mutual Funds with Alternative Strategies
- Fund of Hedge Funds
Explore investments with the highest returns
Future Outlook for Hedge Funds
Trend | Potential Impact |
---|---|
Increased Use of AI and Machine Learning | Enhanced strategy development and risk management |
Focus on ESG and Impact Investing | New investment opportunities and client base |
Democratization of Hedge Fund Strategies | Broader investor access |
Customization and Separately Managed Accounts | Tailored solutions for large investors |
Learn what an investment banker really does
Conclusion
The hedge fund rankings for 2024 reveal a dynamic industry that continues to attract significant capital and talent. While challenges such as regulatory pressures and fee scrutiny persist, opportunities abound in volatile markets and through ongoing innovation in investment strategies and technologies.
For investors considering hedge fund investments, thorough due diligence is crucial. Understanding specific strategies, risks, and how these investments align with overall financial goals is paramount. While hedge funds offer the potential for attractive returns and portfolio diversification, they come with unique considerations that must be carefully evaluated.
As the financial landscape evolves, so too will the strategies, players, and performance of hedge funds. Staying informed about these changes and understanding their implications will be crucial for navigating the complex and exciting world of hedge fund investments.