ADVERTISEMENT

These are the 11 biggest hedge funds in the world

Institutional Investor's Alpha's Hedge Fund 100 list, which ranks the world's largest hedge funds by assets, shows many of the top funds' assets grew by double digits since last year.

Ray Dalio, founder of Bridgewater Associates

2016 was a tough year for hedge funds.

ADVERTISEMENT

The industry as a whole only delivered a 5.4% return for clients, well below the S&P 500's return of 11.9%, according to data from eVestment.

Poor performance and high fees drove money out of the money managers' funds, with about $70 billion pulled out of the funds last year, the biggest drop since 2009, according to data tracker HFR.

But not all firms saw their funds shrink, according to Institutional Investor's Alpha's recently released 2017 Hedge Fund 100 list. The annual list, which ranks the world's largest hedge funds by assets, shows that many of the top funds' assets have grown by double digits.

ADVERTISEMENT

Ray Dalio's Bridgewater Associates, a Connecticut-based firm with $122 billion in hedge fund assets under management, took the top spot on the list. Its hedge fund AuM at the beginning of 2017 were up about 17% from the same time last year.

The funds that witnessed the most impressive growth, according to the list, were so-called quant funds. Such funds rely on algorithms or computer programs to guide their investing. Renaissance Technologies, one of the best known and oldest quant firms, saw its assets balloon by 42%, year-over-year. It moved up to the fourth spot on the list, up from twelfth last year.

Two Sigma, another quant fund, snagged a higher spot on the list. Its assets under management are up 28% from last year.

Here are the top 11 funds by hedge fund assets, according to the full list.

11. Elliott Management - $31.3 billion

ADVERTISEMENT

10. Winton Capital Management - $32 billion

9. Och-Ziff Capital Management - $33.5 billion

8. Man Group - $33.9 billion

7. Millennium Management - $33.9 billion

6. DE Shaw & Co - $34.7 billion

ADVERTISEMENT

5. Two Sigma - $38.9 billion

4. Renaissance Technologies - $42 billion

3. JPMorgan Asset Management - $45 billion

2. AQR Capital Management - $69.6 billion

1. Bridgewater Associates - $122.2 billion

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

FCMB: A corporate journey of resilience, evolution, and growth

FCMB: A corporate journey of resilience, evolution, and growth

Congo is spending 22% of its scarce revenue on security - Minister

Congo is spending 22% of its scarce revenue on security - Minister

Another African country is set to get a Russian embassy

Another African country is set to get a Russian embassy

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

10 African countries with the most troubling external debt in 2024

10 African countries with the most troubling external debt in 2024

10 African countries with the least soft power influence over the world

10 African countries with the least soft power influence over the world

Kenyan government rejects calls to ban TikTok, recommends tighter control over

Kenyan government rejects calls to ban TikTok, recommends tighter control over

Congo accuses Apple of conflict minerals in its supply chain

Congo accuses Apple of conflict minerals in its supply chain

Top 10 African countries with the highest fuel prices in April 2024

Top 10 African countries with the highest fuel prices in April 2024

ADVERTISEMENT