Top 100 Hedge Funds 2022

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The world of hedge funds can be a complex and challenging terrain to navigate. Nonetheless, it remains an area of investment that attracts billions of dollars globally. In this article, we provide a list of the top 100 largest hedge funds in 2022.

Top 100 Largest Hedge Funds in 2022

The following are the top 100 largest hedge funds in 2022:

2022 RankFund NameCityAUM ($ millions)Strategy
1Citadel Investment GroupChicago$244,269.6Convertibles
2Bridgewater AssociatesWestport$223,014.0Long/Short
3Millennium Capital PartnersNew York$218,000.0Multi Strategy
4Mariner Investment Group LLCNew York$187,902.2Arbitrage
5AQR Capital ManagementGreenwich$164,441.4Multi Strategy
6Balyasny Asset ManagementChicago$160,245.3Multi Strategy
7Ares ManagementLos Angeles$135,448.1Managed Futures
8Renaissance TechnologiesEast Setauket$130,857.8Crypto
9Alphadyne Asset ManagementNew York$128,132.3Equity
10Point72 Asset ManagementStamford$117,537.5
11DE ShawNew York$111,937.1Absolute Returns
12Exoduspoint Capital Management, LPNew York$109,623.9Multi-Strategy
13Goldman Sachs Asset ManagementNew York$106,240.0Multi Strategy
14Fortress Investment GroupNew York$102,427.5Private Equity
15Garda CapitalMinneapolis$97,024.5Global Macro
16Capula Investment Management LLPLondon$82,111.8Absolute Returns
17Tiger Global Management LLCNew York$79,149.6Crypto
18Cerberus Capital ManagementNew York$70,510.6Credit
19Two Sigma International LimitedLondon$68,902.8Long/Short
20Two Sigma InvestmentsNew York$68,902.8Commodities
21Element Capital ManagementNew York$62,026.4Global Macro
22Lighthouse Investment PartnersPalm Beach Gardens$61,866.1Fund of Funds
23Sculptor Capital ManagementNew York$61,859.7Multi-Strategy
24Och-Ziff Capital ManagementNew York$61,859.7Global Macro
25Angelo Gordon & Co.New York$59,597.6Real Estate
26Viking Global InvestorsGreenwich$59,160.8Global Macro
27Hillhouse CapitalHong Kong$58,725.6Emerging Markets
28Brevan Howard Asset ManagementLondon$58,630.0Global Macro
29Adage Capital ManagementBoston$49,687.1Global Equity
30Coatue ManagementNew York$48,605.0
31Tudor Investment CorporationStamford$44,580.1Crypto
32Select EquityNew York$43,912.3Equity
33Davidson Kempner Capital ManagementNew York$42,249.9Global Equity
34Field Street Capital ManagementNew York$41,982.8Credit
35GoldenTree Asset ManagementNew York$40,543.0Credit
36Oaktree Capital ManagementLos Angeles$38,350.0Fixed Income
37Farallon Capital ManagementSan Francisco$37,946.5Multi Strategy
38Bracebridge CapitalBoston$37,303.2Absolute Returns
39Lone Pine CapitalGreenwich$36,646.4Long/Short
40Symmetry InvestmentsHong Kong$36,435.0Credit
41Squarepoint OpsLondon$36,234.2Quantitative
42Lindsell Train LimitedLondon$33,982.4Fixed Income
43BlackRock Alternative AdvisorsNew York$33,250.0Global Macro
44Kayne Anderson Capital AdvisorsLos Angeles$32,684.3Private Equity
45Apollo CapitalNew York$32,680.0Managed Futures
46Baupost GroupBoston$32,019.7Global Equity
47Lansdowne PartnersLondon$31,740.0Absolute Returns
48Pictet Alternative InvestmentsGeneva$31,715.0Fund of Funds
49Anchorage Capital GroupNew York$30,599.2Credit
50Moore Capital ManagementNew York$30,307.6Global Macro
51III CapitalBoca Raton$29,678.1Credit
52Brigade Capital ManagementNew York$29,479.2Managed Futures
53Polar Capital PartnersLondon$28,561.3Long/Short
54Shenkman Capital ManagementNew York$27,531.4Convertibles
55Cheyne CapitalLondon$27,432.0Real Estate
56Egerton CapitalLondon$27,418.6Long/Short
57Wellington Management Company LLPBoston$27,210.0Multi Strategy
58Capstone Investment Advisors LLCNew York$26,990.0Derivatives
59Aviva InvestorsLondon$26,675.6Convertibles
60Marshall WaceLondon$26,675.1Global Macro
61Third Point LLCNew York$25,994.0Event Driven
62Tenaron Capital ManagementNew York$25,969.1Global Macro
63Magnetar CapitalEvanston$25,961.4Multi Strategy
64Caxton AssociatesNew York$25,697.1Global Macro
65Pharo ManagementNew York$25,656.0Global Macro
66Haidar Capital ManagementNew York$25,205.4Global Macro
67Centerbridge Partners LPNew York$24,815.4Multi Strategy
68Whale Rock Capital ManagementBoston$24,748.8
69Marathon Asset ManagementNew York$24,077.0Credit
70Benefit Street PartnersNew York$23,768.6Credit
71AlcentraLondon$23,768.0Distressed Assets
72Man GroupLondon$23,581.4Global Macro
73Varde PartnersMinneapolis$23,362.6Distressed Assets
74GAM Fund ManagementHong Kong$22,688.6Fund of Funds
75UBS Hedge Fund SolutionsStamford$22,442.5Equity
76Wafra Investment GroupNew York$22,091.0Multi Strategy
77King Street Capital ManagementNew York$21,888.7Global Macro
78Holocene AdvisorsNew York$21,829.9Long/Short
79Alkeon Capital ManagementNew York$21,817.8
80OrbiMed AdvisorsNew York$21,447.0Private Equity
81Canyon PartnersLos Angeles$20,850.4Multi Strategy
82Parallax FundSan Francisco$20,789.6Multi Strategy
83Altimeter CapitalBoston$20,660.1Long/Short
84Voloridge Investment ManagementJupiter$20,370.1Quantitative
85Lyxor Asset ManagementParis$20,159.2Convertibles
86Nephila CapitalLarkspur$20,131.8Insurance
87L CattertonGreenwich$19,833.8Food and Beverage
88HBK Capital ManagementDallas$19,773.6Multi Strategy
89Arrowstreet CapitalBoston$19,600.0Emerging Markets
90Appaloosa ManagementShort Hills$19,100.0Global Equity
91Polar Asset Management PartnersToronto$18,998.1
92BFAM PartnersHong Kong$18,965.0Multi-Strategy
93Grantham, Mayo, Van Otterloo & Co.Boston$18,960.0Emerging Markets
94BaringsLondon$18,540.7Fund of Funds
95Graham Capital ManagementRowayton$18,460.0Global Macro
96Algebris InvestmentsLondon$18,074.2Credit
97BTG PactualSao Paulo$17,908.3Emerging Markets
98CarVal InvestorsMinneapolis$17,590.7Fixed Income
99Horsley Bridge PartnersSan Francisco$17,439.0Private Equity
100Crestline InvestorsFort Worth$17,435.0Fund of Funds

The hedge funds mentioned above have consistently outperformed the market and generated substantial returns for their investors. The factors contributing to their success include a solid investment strategy, skilled portfolio managers, robust risk management, and diversified portfolios. In 2022, these hedge funds saw significant growth, primarily due to the market’s rebound after the COVID-19 pandemic.

Further Reading and Sources:

Security Analysis, Seventh Edition (2023): Principles and Techniques by Benjamin Graham and Warren Buffett 

Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham

Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage

Berkshire Hathaway Letters to Shareholders 1965-2021

Warren Buffett and the Art of Stock Arbitrage: Proven Strategies for Arbitrage and Other Special Investment Situations by Mary Buffett 

Bear Market Investing Strategies: 37 Recession-Proof Ideas to Grow Your Wealth – Including Inverse ETFs, Put Options, Gold & Cryptocurrency

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Mastering the Art of Value Investing: A Summary of Security Analysis by Benjamin Graham & Warren Buffet

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