In this piece, we will take a look at the five biggest hedge funds in the world by AUM. For more funds, head on over to 15 Biggest Hedge Funds in the World by AUM.
5. Millennium Management LLC
Latest AUM: $55 billion
Millennium Management LLC is an American hedge fund that is headquartered in New York. The fund is led by its founder Israel Englander and it uses more than two thousand different data sets to make its investment decisions.
Millennium Management LLC ‘s AUM reading places the assets at $55 billion. The firm has thousands of employees, and it has divided them into different teams with separate portfolios, a specific capital allocation, and different managers. As of November 2022, Millennium Management has close to three hundred different teams and it analyzes more than 175,000 data files daily. Millennium returned 14% in 2021. You can get email alerts whenever Millennium discloses a new position by entering your email address below:
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4. Renaissance Technologies LLC
Latest AUM: $57 billion
Renaissance Technologies is an American hedge fund headquartered in East Setauket, New York. It was founded by the billionaire Jim Simons in 1982 and the fund relies on quantitative trading to make its investments. These models incorporate little known facts into an investment strategy.
Renaissance Technologies LLC’s AUM stood at a massive $57 billion by the end of June 2022, and the fund is known for its diverse employee base which often involves hiring quantitative talent with a non-financial background. Without a doubt Renaissance’s Medallion fund is the best hedge fund ever. Medallion Fund returned an annualized 66% gain before fees over the 1988-2018 period. Medallion Fund returned 76% in 2020 and 48% in 2021. Unfortunately, Medallion Fund doesn’t take any outside capital.
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3. Man Group plc (LSE:EMG.L)
Latest AUM: $73.5 billion
Man Group plc (LSE:EMG.L) is a British hedge fund that is one of the oldest financial firms in the world. It was set up in 1783, and is currently headquartered in London. The fund provides long only and alternative investment management services. Man Group plc (LSE:EMG.L) operates through five different investment engines.
Man Group plc (LSE:EMG.L)’s assets under management as of June 2022 stood at $73.5 billion. The fund’s latest division is Man GLG, which it acquired in 2010. The fund invests in several different countries, and it has offices in London, New York, Hong Kong, and Pfäffikon.
2. Bridgewater Associates LP
Latest AUM: $126 billion
Bridgewater Associates LP is one of the oldest, and the largest, hedge fund in the world. Founded by the legendary Ray Dalio, known for his cutting insights into business management and human behavior, the fund is headquartered in Westport, Connecticut, the United States.
Bridgewater Associates LP operates three different funds and its latest AUM reading is a whopping $126 billion. As Mr. Dalio outlined in his book, Life and Work, “I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want,” his fund can have anything that it wants.
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1. Berkshire Hathaway Inc. (NYSE:BRK-A)
Latest AUM: $300 billion
Berkshire Hathaway Inc. (NYSE:BRK-A) is an American investment company that is the largest of its kind in the world and one which has a stake in nearly every major and popular industry out there. Some of these industries include technology, construction, banking, and automobiles. It is headed by the legendary investor Warren Buffett. Warren Buffett is among the founders of the hedge fund industry. He launched his “partnership in 1956 and he charged performance fees of 25% above a 6% threshold. Warren Buffett stopped charging any fees and decided to turn Berkshire Hathaway into a secret wealth machine for its shareholders. In his heart Warren Buffett is still a competitive hedge fund manager and generates better returns than most hedge funds despite his huge portfolio.
Berkshire Hathaway Inc. (NYSE:BRK-A)’s investments as of this year’s second quarter were worth a whopping $300 billion. The largest of these reflects Mr. Buffett’s approach of either go big or go home since it came in the Cupertino, California based consumer technology giant Apple, Inc. Berkshire Hathaway Inc. (NYSE:BRK-A) had owned 894 million Apple shares that were worth $122 billion – more than one third of its overall investment portfolio.
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Disclosure: None. You can also take a look at Charlie Munger Stock Portfolio and 15 Biggest Hedge Funds in the US.
