gg7/hedge-fund-rankings.txt

## hedge-fund-rankings.txt
Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2018, unless otherwise noted.

Rank Manager                                 Assets     Change from 2017
1    Bridgewater Associates                  $132,756   7.9%
2    AQR Capital Mgmt.                       $83,700    9.2%
3    Man Group                               $59,100    11.3%
4    Renaissance Technologies                $57,000    17.3%
5    Two Sigma Inv./Two Sigma Advisers       $38,800    9.6%
6    Millennium Mgmt.                        $35,314    2.7%
7    Elliott Management                      $35,000    7.0%
8    Marshall Wace                           $34,800    45.5%
9    Davidson Kempner Capital Mgmt.          $31,400    15.9%
10   Baupost Group                           $31,000    -0.3%
11   Citadel1                                $30,021    10.7%
13   BlackRock (BLK)                         $29,882    30.3%
14   D. E. Shaw Group                        $28,790    4.7%
15   Winton Capital Mgmt.                    $25,844    -6.2%
16   Farallon Capital Mgmt.                  $25,300    6.3%
17   Viking Global Investors2                $25,000    24.1%
18   Canyon Capital3                         $24,500    16.7%
12   TCI Fund Mgmt.                          $19,800    24.9%
19   King Street Capital Mgmt.               $18,800    0.0%
20   PIMCO                                   $18,650    7.5%
21   York Capital Mgmt.                      $18,600    11.4%
22   Och-Ziff Capital Mgmt.                  $18,200    -17.3%
23   Third Point                             $17,653    7.0%
24   Element Capital Mgmt.3                  $17,500    N/A
25   Capula Investment Mgmt.                 $17,171    15.2%
26   Anchorage Capital Group                 $16,500    -1.8%
27   Cevian Capital                          $15,887    -4.5%
28   Appaloosa Mgmt.                         $15,100    -11.2%
29   Graham Capital Mgmt.                    $14,883    5.7%
30   Wellington Alt. Investments             $14,165    N/A
31   Point72 Asset Mgmt.                     $13,000    N/A
32   Magnetar Capital                        $12,900    -2.3%
33   GoldenTree Asset Mgmt.                  $12,714    5.9%
34   Angelo, Gordon & Co.                    $12,700    2.4%
35   Nephila Capital                         $12,200    16.7%
36   Highfields Capital Mgmt.                $12,100    -6.2%
37   Goldman Sachs Asset Mgmt.               $11,115    -0.8%
38   BlueMountain Capital Mgmt.              $11,000    -22.5%
39   Pharo Management3                       $10,000    N/A
40   Senator Investment Group                $8,780     -0.2%
41   Carlson Capital                         $8,720     -4.2%
42   CQS                                     $8,700     31.6%
43   Tiger Global Mgmt.                      $8,500     21.4%
44   Pershing Square2                        $8,314     -20.1%
45   Systematica Investments                 $8,300     N/A
46   Brevan Howard                           $7,740     -34.8%
47   Aspect Capital                          $7,656     21.8%
48   Taconic Capital Advisors1               $7,100     18.3%
49   Waterfall Asset Mgmt.                   $6,665     3.4%
50   Cheyne Capital                          $6,594     12.2%
51   Varde Partners                          $6,582     N/A
52   Steadfast Capital Mgmt.                 $6,400     N/A
53   Solus Alternative Asset Mgmt.           $6,145     -3.0%
54   PDT Partners                            $6,000     20.0%
55   Capstone Investment Advisors            $5,816     44.7%
56   Graticule Asset Mgmt.Asia               $5,700     N/A
57   Ellington Mgmt. Group                   $5,600     N/A
58   Greenlight Capital3                     $5,500     -21.4%
59   Contrarian Capital Mgmt.                $5,275     22.7%
61   J.P. Morgan Asset Mgmt.                 $5,139     -6.6%
62   Eminence Capital2                       $5,000     5.0%
63   Autonomy Capital                        $4,700     -2.1%
64   Paloma Partners                         $4,600     -13.2%
65   Samlyn Capital                          $4,500     0.0%
66   Brigade Capital Mgmt.                   $4,486     N/A
67   Tilden Park Capital Mgmt.               $4,289     4.0%
68   Napier Park Global Capital              $4,246     27.4%
69   UBS O'Connor                            $4,205     -17.8%
70   HG Vora Capital Mgmt.                   $4,100     28.1%
71   Greywolf Capital Mgmt.                  $3,872     N/A
72   Gramercy                                $3,751     -3.4%
73   La Francaise Inv. Solutions             $3,706     76.1%
74   Empyrean Capital Partners               $3,480     8.8%
75   Garda Capital Partners                  $3,463     13.7%
76   Highline Capital Mgmt.                  $3,078     -14.9%
77   Kepos Capital                           $3,000     -3.2%
78   Acadian Asset Mgmt.                     $2,979     -3.8%
79   Halcyon Capital Mgmt.                   $2,900     7.4%
80   LibreMax Capital                        $2,900     26.1%
81   TIG Advisors                            $2,900     N/A
82   Hudson Bay Capital Mgmt.                $2,800     16.7%
83   Cartica Mgmt.                           $2,784     N/A
84   Perella Weinberg Partners1              $2,768     113.4%
85   Ionic Capital Mgmt.                     $2,700     8.0%
86   Long Pond Capital                       $2,700     20.8%
87   Hildene Capital Mgmt.                   $2,626     N/A
88   Blue Harbour Group                      $2,584     N/A
89   EJF Capital                             $2,458     N/A
90   Wexford Capital                         $2,400     N/A
93   Shelter Growth Capital Partners         $2,322     59.2%
91   DW Partners                             $2,300     -25.8%
92   MidOcean Credit Partners                $2,300     N/A
94   400 Capital Mgmt.                       $2,005     36.6%
95   Strategic Value Partners                $1,988     10.4%
96   Light Sky Macro                         $1,800     N/A
97   Quest Partners                          $1,683     N/A
98   Tricadia Capital Mgmt.                  $1,680     N/A
60   ZAIS Group                              $1,568     25.4%
99   Snow Lake Capital                       $1,500     N/A
100  Omni Partners4                          $1,440     20.9%
101  Gotham Asset Mgmt.                      $1,400     -17.6%
102  Saba Capital Mgmt.                      $1,400     -6.7%
103  Kingdon Capital Mgmt.                   $1,317     -23.3%
104  Light Street Capital                    $1,305     39.9%
105  Tourbillon Capital Partners             $1,200     N/A
106  Argentem Creek Partners                 $1,125     N/A
107  Atlantic Investment Mgmt.               $1,100     -22.0%
108  Seer Capital Mgmt.                      $1,100     -3.5%
109  Rubric Capital Mgmt.                    $1,076     N/A
110  Birch Grove Capital                     $946       4.9%
111  Medalist Partners                       $890       N/A
112  SECOR Capital Advisors                  $527       N/A
113  Haidar Capital Mgmt.                    $387       27.9%

Notes: 1 Data as of July 1, 2018. 2 Data are from a company source, such as a website. 3 Data are from industry sources. 4 2017 hedge fund AUM is restated.

Source: Pensions & Investments survey, unless otherwise noted.
	Ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2018, unless otherwise noted.

	Rank Manager Assets Change from 2017
	1 Bridgewater Associates $132,756 7.9%
	2 AQR Capital Mgmt. $83,700 9.2%
	3 Man Group $59,100 11.3%
	4 Renaissance Technologies $57,000 17.3%
	5 Two Sigma Inv./Two Sigma Advisers $38,800 9.6%
	6 Millennium Mgmt. $35,314 2.7%
	7 Elliott Management $35,000 7.0%
	8 Marshall Wace $34,800 45.5%
	9 Davidson Kempner Capital Mgmt. $31,400 15.9%
	10 Baupost Group $31,000 -0.3%
	11 Citadel1 $30,021 10.7%
	13 BlackRock (BLK) $29,882 30.3%
	14 D. E. Shaw Group $28,790 4.7%
	15 Winton Capital Mgmt. $25,844 -6.2%
	16 Farallon Capital Mgmt. $25,300 6.3%
	17 Viking Global Investors2 $25,000 24.1%
	18 Canyon Capital3 $24,500 16.7%
	12 TCI Fund Mgmt. $19,800 24.9%
	19 King Street Capital Mgmt. $18,800 0.0%
	20 PIMCO $18,650 7.5%
	21 York Capital Mgmt. $18,600 11.4%
	22 Och-Ziff Capital Mgmt. $18,200 -17.3%
	23 Third Point $17,653 7.0%
	24 Element Capital Mgmt.3 $17,500 N/A
	25 Capula Investment Mgmt. $17,171 15.2%
	26 Anchorage Capital Group $16,500 -1.8%
	27 Cevian Capital $15,887 -4.5%
	28 Appaloosa Mgmt. $15,100 -11.2%
	29 Graham Capital Mgmt. $14,883 5.7%
	30 Wellington Alt. Investments $14,165 N/A
	31 Point72 Asset Mgmt. $13,000 N/A
	32 Magnetar Capital $12,900 -2.3%
	33 GoldenTree Asset Mgmt. $12,714 5.9%
	34 Angelo, Gordon & Co. $12,700 2.4%
	35 Nephila Capital $12,200 16.7%
	36 Highfields Capital Mgmt. $12,100 -6.2%
	37 Goldman Sachs Asset Mgmt. $11,115 -0.8%
	38 BlueMountain Capital Mgmt. $11,000 -22.5%
	39 Pharo Management3 $10,000 N/A
	40 Senator Investment Group $8,780 -0.2%
	41 Carlson Capital $8,720 -4.2%
	42 CQS $8,700 31.6%
	43 Tiger Global Mgmt. $8,500 21.4%
	44 Pershing Square2 $8,314 -20.1%
	45 Systematica Investments $8,300 N/A
	46 Brevan Howard $7,740 -34.8%
	47 Aspect Capital $7,656 21.8%
	48 Taconic Capital Advisors1 $7,100 18.3%
	49 Waterfall Asset Mgmt. $6,665 3.4%
	50 Cheyne Capital $6,594 12.2%
	51 Varde Partners $6,582 N/A
	52 Steadfast Capital Mgmt. $6,400 N/A
	53 Solus Alternative Asset Mgmt. $6,145 -3.0%
	54 PDT Partners $6,000 20.0%
	55 Capstone Investment Advisors $5,816 44.7%
	56 Graticule Asset Mgmt.Asia $5,700 N/A
	57 Ellington Mgmt. Group $5,600 N/A
	58 Greenlight Capital3 $5,500 -21.4%
	59 Contrarian Capital Mgmt. $5,275 22.7%
	61 J.P. Morgan Asset Mgmt. $5,139 -6.6%
	62 Eminence Capital2 $5,000 5.0%
	63 Autonomy Capital $4,700 -2.1%
	64 Paloma Partners $4,600 -13.2%
	65 Samlyn Capital $4,500 0.0%
	66 Brigade Capital Mgmt. $4,486 N/A
	67 Tilden Park Capital Mgmt. $4,289 4.0%
	68 Napier Park Global Capital $4,246 27.4%
	69 UBS O'Connor $4,205 -17.8%
	70 HG Vora Capital Mgmt. $4,100 28.1%
	71 Greywolf Capital Mgmt. $3,872 N/A
	72 Gramercy $3,751 -3.4%
	73 La Francaise Inv. Solutions $3,706 76.1%
	74 Empyrean Capital Partners $3,480 8.8%
	75 Garda Capital Partners $3,463 13.7%
	76 Highline Capital Mgmt. $3,078 -14.9%
	77 Kepos Capital $3,000 -3.2%
	78 Acadian Asset Mgmt. $2,979 -3.8%
	79 Halcyon Capital Mgmt. $2,900 7.4%
	80 LibreMax Capital $2,900 26.1%
	81 TIG Advisors $2,900 N/A
	82 Hudson Bay Capital Mgmt. $2,800 16.7%
	83 Cartica Mgmt. $2,784 N/A
	84 Perella Weinberg Partners1 $2,768 113.4%
	85 Ionic Capital Mgmt. $2,700 8.0%
	86 Long Pond Capital $2,700 20.8%
	87 Hildene Capital Mgmt. $2,626 N/A
	88 Blue Harbour Group $2,584 N/A
	89 EJF Capital $2,458 N/A
	90 Wexford Capital $2,400 N/A
	93 Shelter Growth Capital Partners $2,322 59.2%
	91 DW Partners $2,300 -25.8%
	92 MidOcean Credit Partners $2,300 N/A
	94 400 Capital Mgmt. $2,005 36.6%
	95 Strategic Value Partners $1,988 10.4%
	96 Light Sky Macro $1,800 N/A
	97 Quest Partners $1,683 N/A
	98 Tricadia Capital Mgmt. $1,680 N/A
	60 ZAIS Group $1,568 25.4%
	99 Snow Lake Capital $1,500 N/A
	100 Omni Partners4 $1,440 20.9%
	101 Gotham Asset Mgmt. $1,400 -17.6%
	102 Saba Capital Mgmt. $1,400 -6.7%
	103 Kingdon Capital Mgmt. $1,317 -23.3%
	104 Light Street Capital $1,305 39.9%
	105 Tourbillon Capital Partners $1,200 N/A
	106 Argentem Creek Partners $1,125 N/A
	107 Atlantic Investment Mgmt. $1,100 -22.0%
	108 Seer Capital Mgmt. $1,100 -3.5%
	109 Rubric Capital Mgmt. $1,076 N/A
	110 Birch Grove Capital $946 4.9%
	111 Medalist Partners $890 N/A
	112 SECOR Capital Advisors $527 N/A
	113 Haidar Capital Mgmt. $387 27.9%

	Notes: 1 Data as of July 1, 2018. 2 Data are from a company source, such as a website. 3 Data are from industry sources. 4 2017 hedge fund AUM is restated.

	Source: Pensions & Investments survey, unless otherwise noted.