In this article, we discuss 5 of the biggest hedge funds in the USA. If you want to see more of the biggest hedge funds in the USA, go directly to 15 Biggest Hedge Funds in the USA.
5. Coatue Capital, L.L.C.
Assets Under Management: $73.3 billion
Coatue Capital, L.L.C. is a New York based fund that invests in public and private equity markets. Coatue Capital, L.L.C. also focuses on technology and does early stage venture and late stage venture investing. As of September 2022, Coatue Capital, L.L.C. has a 23 year track record and $24 billion deployed in private investments with its active private portfolio including more than 200 tech companies. According to SWFI, the fund has managed assets of $73.3 billion.
4. Two Sigma Investments
Assets Under Management: $74.4 billion
Two Sigma Investments is a leading quantitative fund based in New York City. The fund is different from many other traditional hedge funds in that 60% of the company’s employees come from non-financial backgrounds. Nevertheless, over 600 of the fund’s 1600 employees have advanced degrees. According to SWFI, Two Sigma Investments has managed assets of $74.4 billion.
3. Renaissance Technologies LLC
Assets Under Management: $121.8 billion
Billionaire Jim Simons’ Renaissance Technologies LLC is a leading quantitative hedge fund based in New York that uses highly sophisticated quantitative models to decide what to buy and sell. Renaissance Technologies LLC’s flagship fund, Medallion Fund, is also one of the best performing funds in history. Unfortunately, the Medallion Fund is only open to current and former employees. Some of Renaissance Technologies LLC’s other funds have not done as well with one fund, Renaissance Institutional Equities Fund, declining around 20% in 2020. Like other quant funds, Renaissance Technologies LLC has many employees with advanced degrees that come from non-financial backgrounds. According to SWFI, Renaissance Technologies LLC manages $121.8 billion.
2. Tiger Global Management LLC
Assets Under Management: $125 billion
Tiger Global Management LLC is a New York based fund that focuses on public and private companies in the global internet, software, consumer and financial technology industries. Through the years, Tiger Global Management LLC has grown to be a tech giant with stakes in many leading tech companies both in public markets and in private markets such as ByteDance. Due to many tech stocks declining substantially this year, however, Tiger Global Management LLC’s performance hasn’t been good this year.
1. Bridgewater Associates, LP
Assets Under Management: $150 billion
Bridgewater Associates, LP is the world’s largest hedge fund with assets under management of $150 billion. Given its size, Bridgewater Associates, LP trades in stock, commodities, interest rate, sovereign and corporate credit, as well as developed market currency markets. The firm, with headquarters in Westport, Connecticut, has an investment process which is “driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting edge technology to validate and execute on timeless and universal investment principles.”
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