Datastream
Ranked: The World’s 20 Biggest Hedge Funds
The Briefing
- Bridgewater Associates remains the top hedge fund by assets under management (AUM)
- Brevan Howard witnessed strong growth in AUM, moving from 26th to 19th in the ranking
Ranked: The World’s 20 Biggest Hedge Funds
Collectively, the world’s 15,000 hedge funds manage around $4.5 trillion in assets for their clients, weathering economic storms and world events to ensure returns.
This visual breaks down the world’s biggest hedge funds in terms of assets under management using data from Pensions & Investments.
The Top 20
The world’s biggest hedge fund by a mile is Ray Dalio’s Bridgewater Associates. At the time of this ranking, Bridgewater managed over $126 billion in assets for clients as wide ranging as university endowment funds, charities, and foreign country’s central banks.
Here’s a closer look at the ranking:
Rank | Hedge Fund | Assets (millions USD) | Headquarters |
---|---|---|---|
#1 | Bridgewater Associates | $126,400 | 🇺🇸 U.S. |
#2 | Man Group | $73,500 | 🇬🇧 UK |
#3 | Renaissance Technologies | $57,000 | 🇺🇸 U.S. |
#4 | Millennium Management | $54,968 | 🇺🇸 U.S. |
#5 | Citadel | $52,970 | 🇺🇸 U.S. |
#6 | D.E. Shaw Group | $47,861 | 🇺🇸 U.S. |
#7 | Two Sigma Investments/Advisers | $40,969 | 🇺🇸 U.S. |
#8 | Davidson Kempner Capital Management | $37,450 | 🇺🇸 U.S. |
#9 | Farallon Capital Management | $37,400 | 🇺🇸 U.S. |
#10 | TCI Fund Management | $36,200 | 🇬🇧 UK |
#11 | Marshall Wace | $34,400 | 🇬🇧 UK |
#12 | Ruffer | $31,662 | 🇬🇧 UK |
#13 | AOR Capital Management | $28,200 | 🇺🇸 U.S. |
#14 | Anchorage Capital Group | $27,100 | 🇺🇸 U.S. |
#15 | Baupost Group | $26,300 | 🇺🇸 U.S. |
#16 | Point72 Asset Management | $26,100 | 🇺🇸 U.S. |
#17 | Capula Investment Management | $25,000 | 🇬🇧 UK |
#18 | Wellington Management | $24,968 | 🇺🇸 U.S. |
#19 | Brevan Howard Asset Management | $23,353 | 🇬🇧 UK |
#20 | PIMCO | $23,054 | 🇺🇸 U.S. |
This annual ranking uses AUM data from June 2022
Overall, 70% of hedge funds are headquartered in North America, with many of the world’s largest based in the United States, specifically.
The Fastest Growing Hedge Funds
Many of these large hedge funds were new to the top 20 category, having moved up dramatically from the 2021 ranking. Here’s a look at some of the AUM growth rates year-over-year.
Rank | Hedge Fund | Growth in AUM (% Change Y-o-Y) |
---|---|---|
#1 | Brevan Howard Asset Management | 46.0% |
#2 | Citadel | 40.8% |
#3 | PIMCO | 25.3% |
#4 | D.E. Shaw Group | 20.4% |
#5 | Point72 Asset Management | 19.7% |
#6 | Bridgewater Associates | 19.6% |
#7 | Man Group | 15.9% |
#8 | Wellington Management | 10.5% |
#9 | AQR Capital Management | 8.0% |
#10 | Millennium Management | 5.1% |
#11 | Capula Investment Management | 4.6% |
#12 | Marshall Wace | 3.9% |
#13 | Two Sigma Investments/Advisers | 3.6% |
#14 | Davidson Kempner Capital Management | 0.3% |
#15 | Renaissance Technologies | -1.7% |
#16 | Farallon Capital Management | -1.8% |
#17 | TCI Fund Management | -9.5% |
#18 | Anchorage Capital Group | -12.8% |
#19 | Baupost Group | -15.2% |
#20 | Ruffer | - |
UK-based Brevan Howard jumped from 26th to 19th, witnessing a 46% increase in their assets under management.
Hedge fund growth can be uncorrelated with the broader market, and is not necessarily an indicator of the overall economy. However, analyzing the strategies used by hedge funds and their performance can often provide useful insight for investors.
Where does this data come from?
Source: The Pensions & Investments annual ranking of largest hedge funds.
Source: This ranking uses AUM data from June 2022. This visualization can be used as a consistent snapshot of the size and proportionality of hedge funds. Current AUM for each may very.
Datastream
Charted: The Ukraine War Civilian Death Toll
Using data from the UN, this chart shows civilian death toll figures resulting from Russia’s invasion of Ukraine.

The Briefing
- In total, since the war began in February there have been over 7,031 Ukrainian civilian deaths
- Most of the civilian casualties recorded were caused by the use of explosive weapons, such as missiles and heavy artillery
Charted: The Ukraine War Civilian Death Toll
Russia’s war of aggression in Ukraine has wrought suffering and death on a mass scale, with many Russian attacks targeted at civilians.
We’ve created this visual using data from the UN Office of the High Commissioner for Human Rights (OHCHR) to better understand how many civilians have died in Ukraine as a result of the war, as well as how many were injured and how many were children.
The Numbers
As of early December, it is reported that 7,031 people in Ukraine have died because of the war — 433 of them children. Another 11,327 have been injured, 827 of which are children. In total, this is over 18,000 people killed or injured.
The figures are difficult to verify due to differing reports coming out of both Russia and Ukraine. The UN OHCHR anticipates that the numbers could be even higher.
The State of the Conflict
The war began on February 24th, 2022 and less than a year in, millions of people have been displaced by the conflict, and thousands of civilians have been injured or killed.
According to the UN, most of the civilian deaths have been caused by wide-ranging explosives such as heavy artillery shelling, missiles, and air strikes, and have been concentrated in Donetsk and Luhansk and in other territory still held by Ukraine.
Additionally, new estimates from Kyiv report approximately 13,000 Ukrainian military or soldier deaths, which has yet to be confirmed by the army.
Where does this data come from?
Source: The United Nations Office of the High Commissioner for Human Rights monthly reports on civilian deaths in Ukraine.
Note: Data on deaths and injuries can vary wildly depending on the source.
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