Bridgewater Largest Hedge Fund For Fourth Straight Year

May 13 2014 | 12:19pm ET

Bridgewater Associates and JPMorgan Chase remain the world’s largest hedge fund managers, as investors continue to flock to such firms.

Westport, Conn.-based Bridgewater earned the top spot on Alpha magazine’s annual Hedge Fund 100 ranking of the world’s top hedge funds, with $87.1 billion. JPMorgan Asset Management, which includes Highbridge Capital Management, remains a distant second at $59 billion.

Brevan Howard Asset Management retained third place with $40 billion, unchanged from last year. Och-Ziff Capital Management and BlueCrest Capital Management swapped fourth and fifth place, the former with $36.1 billion and the latter $32.6 billion.

All told, the 100 largest hedge funds manage a combined $1.51 trillion, 14% more than last year. Over the past two years, that figure has jumped nearly 25%. By contrast, total hedge fund assets increased only 9.7% over the past year, and the 100 largest account for more than half of the $2.85 billion total.

There was something of a shakeup in the top 10, with three new entrants: AQR Capital Management leapt from 14th place to seventh, Lone Pine Capital from 11th place to eighth and Viking Global Investors from 17th place to 10th. BlackRock rose to sixth from eighth, while Man Group dropped from sixth to ninth.

The 25 Largest Hedge Funds

rank firm assets change from 2013
1 Bridgewater Associates $87.1 billion +4.6%
2 JPMorgan Asset Management $59.0 billion +7.7%
3 Brevan Howard Asset Management $40.0 billion no change
4 Och-Ziff Capital Management $36.1 billion +19.1%
5 BlueCrest Capital Management $32.6 billion +8.3%
6 BlackRock $31.3 billion +17.6%
7 AQR Capital Management $29.9 billion +47.3%
8 Lone Pine Capital $29.0 billion +31.8%
9 Man Group $28.3 billion -4.4%
10 Viking Global Investors $27.1 billion +39.7%
11 Baupost Group $26.8 billion +0.4%
12 Adage Capital Management $25.0 billion +36.2%
13 Winton Management $24.7 billion -3.9%
14 GAM Holding $24.4 billion +24.5%
15 Renaissance Technologies $24.0 billion +9.1%
16 Elliott Management $23.3 billion +8.4%
17 D.E. Shaw Group $22.2 billion -6.0%
18 Davidson Kempner Capital Management $22.0 billion +18.3%
19 Millennium Management $21.0 billion +22.1%
20 Paulson & Co. $20.3 billion +14.6%
21 Farallon Capital Management $19.8 billion +7.6%
21 King Street Capital $19.8 billion +13.8%
23 Appaloosa Management $19.3 billion +28.7%
24 Canyon Capital Advisors $17.8 billion +20.3%
25 Two Sigma Investments $17.5 billion +53.5%

Source: Alpha magazine

In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...


'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...


From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.