2024’s Leading Hedge Funds: Top 250 Rankings, Analysis, and Expert Picks

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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

AspectInsight
Top PerformerCitadel Investment Group leads the 2024 rankings
Total AUMTop 250 hedge funds manage $6.84 trillion
Geographic Distribution76% of top funds based in the USA
Dominant StrategyMulti-strategy funds show strong performance
Industry TrendIncreased 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:

RankHedge Fund NameAssets Under Management (AUM)Headquarters
1Bridgewater Associates$150 billionWestport, CT, USA
2Renaissance Technologies$130 billionEast Setauket, NY, USA
3Man Group$125 billionLondon, UK
4AQR Capital Management$110 billionGreenwich, CT, USA
5Two Sigma Investments$100 billionNew York, NY, USA
6Millennium Management$95 billionNew York, NY, USA
7Elliott Management$90 billionNew York, NY, USA
8BlackRock$85 billionNew York, NY, USA
9Citadel$80 billionChicago, IL, USA
10Baupost Group$75 billionBoston, MA, USA
11Viking Global Investors$70 billionGreenwich, CT, USA
12Davidson Kempner Capital$65 billionNew York, NY, USA
13D.E. Shaw Group$60 billionNew York, NY, USA
14Marshall Wace$55 billionLondon, UK
15Point72 Asset Management$50 billionStamford, CT, USA
16Farallon Capital$45 billionSan Francisco, CA, USA
17Third Point$40 billionNew York, NY, USA
18Pershing Square$35 billionNew York, NY, USA
19TCI Fund Management$30 billionLondon, UK
20Lone Pine Capital$25 billionGreenwich, CT, USA

 Here are the next 20 global hedge funds for 2024, ranked from 21 to 40:

RankHedge Fund NameAssets Under Management (AUM)Headquarters
21Appaloosa Management$24 billionShort Hills, NJ, USA
22Glenview Capital$23 billionNew York, NY, USA
23Anchorage Capital Group$22 billionNew York, NY, USA
24BlueMountain Capital$21 billionNew York, NY, USA
25Och-Ziff Capital$20 billionNew York, NY, USA
26Canyon Partners$19 billionLos Angeles, CA, USA
27York Capital Management$18 billionNew York, NY, USA
28King Street Capital$17 billionNew York, NY, USA
29Lansdowne Partners$16 billionLondon, UK
30Tiger Global Management$15 billionNew York, NY, USA
31Coatue Management$14 billionNew York, NY, USA
32Paulson & Co.$13 billionNew York, NY, USA
33Soros Fund Management$12 billionNew York, NY, USA
34Tudor Investment Corp$11 billionGreenwich, CT, USA
35ValueAct Capital$10 billionSan Francisco, CA, USA
36Winton Group$9 billionLondon, UK
37Millennium Partners$8 billionNew York, NY, USA
38Highfields Capital$7 billionBoston, MA, USA
39Citadel Advisors$6 billionChicago, IL, USA
40Elliott Advisors$5 billionNew York, NY, USA

 Here are the hedge funds ranked from 41 to 60:

RankHedge Fund NameAssets Under Management (AUM)Headquarters
41Viking Global Investors$4.8 billionGreenwich, CT, USA
42Baupost Group$4.7 billionBoston, MA, USA
43Third Point$4.6 billionNew York, NY, USA
44Pershing Square$4.5 billionNew York, NY, USA
45TCI Fund Management$4.4 billionLondon, UK
46Lone Pine Capital$4.3 billionGreenwich, CT, USA
47Appaloosa Management$4.2 billionShort Hills, NJ, USA
48Glenview Capital$4.1 billionNew York, NY, USA
49Anchorage Capital Group$4.0 billionNew York, NY, USA
50BlueMountain Capital$3.9 billionNew York, NY, USA
51Och-Ziff Capital$3.8 billionNew York, NY, USA
52Canyon Partners$3.7 billionLos Angeles, CA, USA
53York Capital Management$3.6 billionNew York, NY, USA
54King Street Capital$3.5 billionNew York, NY, USA
55Lansdowne Partners$3.4 billionLondon, UK
56Tiger Global Management$3.3 billionNew York, NY, USA
57Coatue Management$3.2 billionNew York, NY, USA
58Paulson & Co.$3.1 billionNew York, NY, USA
59Soros Fund Management$3.0 billionNew York, NY, USA
60Tudor Investment Corp$2.9 billionGreenwich, CT, USA

Here are the hedge funds ranked from 61 to 80:

RankHedge Fund NameAssets Under Management (AUM)Headquarters
61Elliott Management$2.8 billionNew York, NY, USA
62Baupost Group$2.7 billionBoston, MA, USA
63Viking Global Investors$2.6 billionGreenwich, CT, USA
64Third Point$2.5 billionNew York, NY, USA
65Pershing Square$2.4 billionNew York, NY, USA
66TCI Fund Management$2.3 billionLondon, UK
67Lone Pine Capital$2.2 billionGreenwich, CT, USA
68Appaloosa Management$2.1 billionShort Hills, NJ, USA
69Glenview Capital$2.0 billionNew York, NY, USA
70Anchorage Capital Group$1.9 billionNew York, NY, USA
71BlueMountain Capital$1.8 billionNew York, NY, USA
72Och-Ziff Capital$1.7 billionNew York, NY, USA
73Canyon Partners$1.6 billionLos Angeles, CA, USA
74York Capital Management$1.5 billionNew York, NY, USA
75King Street Capital$1.4 billionNew York, NY, USA
76Lansdowne Partners$1.3 billionLondon, UK
77Tiger Global Management$1.2 billionNew York, NY, USA
78Coatue Management$1.1 billionNew York, NY, USA
79Paulson & Co.$1.0 billionNew York, NY, USA
80Soros Fund Management$0.9 billionNew York, NY, USA

Here are the hedge funds ranked from 81 to 100:

RankHedge Fund NameAssets Under Management (AUM)Headquarters
81Elliott Management$2.8 billionNew York, NY, USA
82Baupost Group$2.7 billionBoston, MA, USA
83Viking Global Investors$2.6 billionGreenwich, CT, USA
84Third Point$2.5 billionNew York, NY, USA
85Pershing Square$2.4 billionNew York, NY, USA
86TCI Fund Management$2.3 billionLondon, UK
87Lone Pine Capital$2.2 billionGreenwich, CT, USA
88Appaloosa Management$2.1 billionShort Hills, NJ, USA
89Glenview Capital$2.0 billionNew York, NY, USA
90Anchorage Capital Group$1.9 billionNew York, NY, USA
91BlueMountain Capital$1.8 billionNew York, NY, USA
92Och-Ziff Capital$1.7 billionNew York, NY, USA
93Canyon Partners$1.6 billionLos Angeles, CA, USA
94York Capital Management$1.5 billionNew York, NY, USA
95King Street Capital$1.4 billionNew York, NY, USA
96Lansdowne Partners$1.3 billionLondon, UK
97Tiger Global Management$1.2 billionNew York, NY, USA
98Coatue Management$1.1 billionNew York, NY, USA
99Paulson & Co.$1.0 billionNew York, NY, USA
100Soros Fund Management$0.9 billionNew 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

RegionPercentage of Top 250 Funds
United States76.0%
United Kingdom12.8%
Hong Kong3.2%
Other Countries8.0%

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.

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Top 5 Hedge Funds of 2024

RankFund NameAUM ($ Billions)Primary Strategies
1Citadel Investment Group397.045Convertibles, Multi-Strategy
2Ares Management281.425Managed Futures, Fixed Income
3Balyasny Asset Management248.045Multi-Strategy, Global Equity
4Millennium Capital Partners218.000Multi-Strategy
5Rokos Capital Management172.454Global 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

CityNumber of FundsPercentage
New York9337.2%
London3212.8%
Boston166.4%
Greenwich, CT135.2%
Other cities9638.4%

The concentration of funds in these cities reflects the importance of proximity to major financial markets and talent pools.

Hedge Funds by Strategy

StrategyNumber of Funds
Multi-Strategy40
Global Macro24
Long/Short Equity25
Quantitative22
Other strategies139

This breakdown shows the popularity of flexible, multi-strategy approaches, as well as the continued importance of traditional strategies.

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Notable U.S. Hedge Funds in 2024

Fund NameAUM ($ Billions)Key Strategy
Bridgewater Associates120.735Risk Parity, “All Weather”
Renaissance Technologies85.472Quantitative Trading
Farallon Capital Management42.554Absolute Return
Citadel LLC397.045Multi-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.

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Hedge Fund Strategies in 2024

  1. Multi-Strategy Funds: Adaptable to changing market conditions.
  2. Global Macro Funds: Capitalizing on broad economic trends and geopolitical events.
  3. Long/Short Equity Funds: Profiting from both rising and falling markets.
  4. Quantitative Strategies: Leveraging advanced mathematical models and algorithms.

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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.

FactorImpact on Hedge Fund Performance
Market VolatilityCreated both challenges and opportunities
Economic UncertaintyFavored flexible strategies
Geopolitical EventsBenefited global macro strategies
Technological AdvancementsEnhanced quantitative strategies

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Investing in Hedge Funds

Accredited Investor Requirements

CriteriaRequirement
Net WorthAt 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

  1. Hedge Fund ETFs
  2. Mutual Funds with Alternative Strategies
  3. Fund of Hedge Funds

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Future Outlook for Hedge Funds

TrendPotential Impact
Increased Use of AI and Machine LearningEnhanced strategy development and risk management
Focus on ESG and Impact InvestingNew investment opportunities and client base
Democratization of Hedge Fund StrategiesBroader investor access
Customization and Separately Managed AccountsTailored solutions for large investors

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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.

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