- Finance & Banking
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The largest hedge fund in the U.S. is Bridgewater Associates, with an AUM of $126.4 billion.
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As of 2023, the U.S. hedge fund industry has seen significant growth, with a market size exceeding $150 billion.
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There are at least 4,200 Hedge Funds operating in the U.S.
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U.S. hedge funds have experienced a CAGR of 10% over the past three years.
Hedge funds, often perceived as complex and exclusive investment vehicles, are essentially pooled funds that leverage client capital to generate returns that outperform the market or to provide a hedge against market volatility. With over 4,200 hedge funds registered in the U.S. and the top firms managing nearly $700 billion in assets, the hedge fund industry remains a significant player in the financial landscape.
This article explores the largest hedge funds in the United States, highlighting their assets under management (AUM) as of 2023.
Note: This list focuses on assets in private funds that employ hedge fund strategies. As such, firms that offer a range of financial services, like BlackRock, are excluded, despite having larger total AUMs.
The 10 Largest Hedge Funds in the U.S.
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Headquarters: Westport, Connecticut
Assets Under Management: $126.4 billionAs the largest hedge fund in the U.S., Bridgewater Associates employs approximately 1,500 professionals, primarily serving institutional clients including pensions, endowments, charities, foreign governments, and central banks. Founded in 1975 in New York City, it has seen its AUM grow significantly over the decades.
Bridgewater offers several key funds:
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Pure Alpha. Focuses on diverse investment strategies.
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Pure Alpha Major Markets. A subset that emphasizes various opportunities within Pure Alpha.
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All Weather. Concentrates on asset allocation strategies.
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Optimal Portfolio. An actively managed version of All Weather.
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Renaissance Technologies
Headquarters: East Setauket, New York
Assets Under Management: $73.5 billionUtilizing advanced mathematical models, Renaissance Technologies employs quantitative analyses to guide trading and investments across various asset classes. Founded in 1982, it operates with a high degree of confidentiality, contributing to its impressive annualized returns.
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Millennium Management
Headquarters: New York City, New York
Assets Under Management: $55.0 billionFounded in 1989, Millennium Management employs around 2,800 individuals and operates numerous investment teams that provide advisory services across multiple regions.
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Headquarters: Chicago, Illinois
Assets Under Management: $53.0 billionFounded in 1990 by Kenneth Griffin, Citadel LLC is renowned for its focus on various asset classes and employs around 1,400 professionals globally.
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Headquarters: New York City, New York
Assets Under Management: $47.9 billionFounded in 1988, D.E. Shaw Co. employs approximately 1,400 staff and leverages advanced mathematical models to identify investment opportunities.
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Headquarters: New York City, New York
Assets Under Management: $41.0 billionSince its inception in 2001, Two Sigma Investments has integrated artificial intelligence and machine learning into its investment strategies, employing 1,600 individuals across several global offices.
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Headquarters: New York City, New York
Assets Under Management: $37.5 billionDavidson Kempner, founded in the 1980s, employs 347 professionals and emphasizes a bottom-up investment approach, focusing on various asset classes.
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Headquarters: San Francisco, California
Assets Under Management: $37.4 billionFounded in 1986, Farallon Capital primarily manages capital for institutional clients and employs 165 professionals worldwide.
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Headquarters: Greenwich, Connecticut
Assets Under Management: $28.2 billionAQR Capital Management, known for its emphasis on quantitative analysis, employs over 1,000 individuals and operates in multiple global markets.
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Anchorage Capital Group
Headquarters: New York City, New York
Assets Under Management: $27.1 billionFounded in 2003, Anchorage Capital specializes in distressed securities and has made significant investments in various sectors.
Find Anchorage Capital Group Jobs Near Me
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Hedge Fund FAQ
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Who is the largest hedge fund in the world?
The largest hedge fund in the world is Bridgewater Associates. With $126.4 billion in assets under management, it retains its global leadership position, followed by Man Group at $73.5 billion.
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What is a hedge fund vs mutual fund?
Mutual funds are publicly offered, while hedge funds cater exclusively to accredited investors. Hedge funds employ diverse strategies to enhance returns, differentiating them from mutual funds that are subject to daily trading.
- Finance & Banking
Author
Jack Flynn is a writer for Zippia. In his professional career he’s written over 100 research papers, articles and blog posts. Some of his most popular published works include his writing about economic terms and research into job classifications. Jack received his BS from Hampshire College.
