The complete Global Billion Dollar Club ($1bn+)

October 10, 2012  

Firm Name City / State Country Jul AUM Footnote
Bridgewater Associates CT USA 77.20  
J.P. Morgan Asset Management NY / London USA / UK 43.20  
Brevan Howard London / NY / Central UK / USA / Hong Kong 36.71  
MAN GLG London UK 31.80  
BlueCrest Guernsey Channel Islands 31.10  
Och-Ziff Capital Management Group NY / London USA / UK 29.30  
Winton London UK 28.30  
Baupost Group MA USA 25.00  
BlackRock NY / London / CA / Sydney / MelbourneSingapore USA / UK / Australia / Singapore 24.15 *
Angelo, Gordon & Co. NY USA 23.35  
Renaissance Technologies NY USA 22.00  
Paulson & Co. NY USA 21.00  
Elliott Management Corporation NY USA 19.80  
Farallon Capital Management CA USA 19.80 *
Davidson Kempner Advisers NY USA 19.50 **
D.E. Shaw Group NY USA 19.40  
Canyon Capital Advisors CA USA 19.10  
Standard Life Investments Edinburgh UK 18.30  
King Street Capital Management NY USA 17.40  
Adage Capital Management MA USA 17.00 **
AQR Capital Management CT USA 16.20  
Millennium Management NY USA 16.10  
Viking Global Investors NY USA 15.60  
Goldman Sachs Asset Management NY USA 15.20 *
Moore Capital Management NY / London USA / UK 15.00  
M&G Investment London UK 14.20  
Brummer & Partners Stockholm Sweden 14.00  
SAC Capital Advisors CT USA 14.00  
Convexity Capital Management MA USA 13.70 **
Credit Suisse Hedging-Griffo Sao Paulo Brazil 13.61  
York Capital Management NY USA 12.60  
Appaloosa Management NJ USA 12.50  
Avenue Capital Group NY USA 12.40  
Citadel IL USA 12.37  
First Quadrant CA USA 12.35 *
Centerbridge Partners NY USA 12.24  
Platinum Asset Management Sydney Australia 12.04  
Wellington Management MA USA 11.33  
GoldenTree Asset Management NY USA 11.10  
Eton Park Capital Management NY USA 11.00  
Highfields Capital Management MA USA 11.00  
Tudor Investment Corp. CT USA 10.70  
Bain Capital/Brookside Capital Partners MA USA 10.50 **
Pershing Square Capital Management NY USA 10.50 **
Grantham, Mayo, Van Otterloo MA USA 10.40 *
Lansdowne London UK 10.40  
Fortress Investment Group NY USA 10.30 *
Anchorage Advisors NY USA 10.00  
Capula London UK 10.00  
Mariner Investment Group NY USA 10.00 *
Maverick Capital NY USA 10.00 **
Transtrend Rotterdam Netherlands 9.70  
MSD Capital NY USA 9.55  
Magnetar Capital IL USA 9.00  
Lone Pine Capital CT USA 8.80  
Third Point NY USA 8.70  
Cerberus Capital Management NY USA 8.50  
Marathon Asset Management NY USA 8.50  
Mason Capital Management NY USA 8.40  
Two Sigma Investments NY USA 8.30  
Amundi Paris France 8.02  
Tiger Global Management NY USA 8.01 *
Fir Tree Partners NY USA 7.89 **
Perry Capital NY USA 7.80  
PIMCO CA USA 7.71  
Greenlight Capital NY USA 7.70  
ValueAct Capital Management CA USA 7.61  
Discovery Capital Management CT USA 7.60 **
Varde Partners MN USA 7.50 **
BlueMountain Capital Management NY USA 7.40  
Caxton Associates NY USA 7.40  
Graham Capital Management CT USA 7.37  
CQS London UK 7.20  
Claren Road Asset Management NY USA 7.11  
Blue Ridge Capital NY USA 7.00  
Cevian Stockholm Sweden 6.94  
Taconic Capital Advisors NY USA 6.85 **
Aspect London UK 6.80  
Vinik Asset Management FL USA 6.74  
Silver Point Capital CT USA 6.70 **
ESL Investments FL USA 6.68 **
HBK Capital Management TX USA 6.54 **
Hillhouse Capital Management Beijing China 6.30 **
Zais Group NJ USA 6.20 **
Blenheim Capital Management NJ USA 6.15 *
Pine River Capital Management MN USA 6.14  
Carlson Capital TX USA 6.10  
Omega Advisors NY USA 6.10  
Kynikos Associates NY USA 6.00 **
O'Connor NY USA 6.00  
PointState Capital NY USA 6.00 **
Coatue Capital NY USA 5.90  
Capital Fund management Paris France 5.84  
Henderson Asset Management London / Singapore UK / Singapore 5.77  
Saba Capital Management NY USA 5.76  
Abrams Capital Management MA USA 5.70 **
Ramius LLC NY USA 5.64  
Marshall Wace London / Central UK / Hong Kong 5.50  
Brigade Capital Management NY USA 5.44  
Beach Point Capital Management CA USA 5.40  
Comac Capital London UK 5.10  
The Children's Investment Fund Management London UK 5.00 **
Orbis Investment Management Hamilton Bermuda 5.00 *
Monarch Alternative Capital NY USA 4.90  
QVT Financial NY USA 4.90  
Luxor Capital Group NY USA 4.80  
Quantitative Investment Management VA USA 4.77  
Partner Fund Management CA USA 4.70  
Nephila Capital Hamilton Bermuda 4.65  
Scout Capital NY USA 4.60 *
MKP Capital Management NY USA 4.53 **
Chilton Investment Company CT USA 4.50  
Halcyon Asset Management NY USA 4.50  
Ako Capital London UK 4.40  
GMT Capital GA USA 4.35  
Citi Capital Advisors NY USA 4.30  
Lazard Asset Management NY USA 4.30  
Black River Asset Management MN USA 4.10 **
Indus Capital Partners NY USA 4.10  
Element Capital NY USA 4.01 **
Cheyne Capital London UK 4.00  
Redwood Capital Management NJ USA 4.00  
TPG-Axon Capital NY USA 4.00 *
Regiment Capital Management MA USA 3.99  
Glenview Capital Management NY USA 3.90  
Ares Management CA USA 3.90 *
Kayne Anderson Capital Advisors CA USA 3.70 *
Owl Creek Asset Management NY USA 3.68 **
Passport Capital CA USA 3.51  
Blackstone Group/GSO Capital Partners NY USA 3.50  
Clive Capital London UK 3.50  
Crabel Capital Management WI USA 3.50  
OxFORD Asset Management Oxford UK 3.50  
Egerton Capital London UK 3.44  
Select Equity Group NY USA 3.41 *
Joho Capital NY USA 3.40 **
Structured Portfolio Management CT USA 3.40  
Visium Asset Management NY USA 3.40  
Ascend Capital CA USA 3.30  
Senator Investment Group NY USA 3.30  
Spinnaker London UK 3.30  
Tewksbury Capital Management Hamilton Bermuda 3.30 **
Aurelius Capital Management NY USA 3.20  
JANA Partners NY USA 3.20  
Wexford Capital CT USA 3.20  
Ortus Capital Management Limited Central Hong Kong 3.18  
Arrowgrass Capital Partners London UK 3.10  
Astenbeck Capital Management CT USA 3.10  
Contrarian Capital Management NY USA 3.10  
P/E Investments MA USA 3.10 *
Aquila Capital Concepts Hamburg Germany 3.90  
Harbinger Capital Partners NY USA 3.00 **
Meditor London UK 3.00 **
Sloane Robinson London UK 3.00  
Cobalt Capital NY USA 2.96  
BTG Pactual Europe London UK 2.92  
Balyasny Asset Management IL USA 2.90  
Knighthead Capital Management NY USA 2.90  
Soroban Capital Partners NY USA 2.90  
Standard Pacific CA USA 2.90  
Trian Fund Management NY USA 2.90  
One William Street Capital Management NY USA 2.89  
Scopia Capital NY USA 2.88  
Credit Suisse (Insurance Linked Strategies) Zürich Switzerland 2.87  
Value Partners Central Hong Kong 2.81  
Dymon Asia Central Hong Kong 2.80 **
Ellington Management Group CT USA 2.80  
Perella Weinberg Partners Capital Management NY USA 2.77  
Pharo Management London UK 2.72  
Insight Investments London UK 2.71  
Campbell & Co. MD USA 2.70  
Exane Paris France 2.70 **
LOAM 1798 Global Partners Geneva Switzerland 2.70  
Eminence Capital NY USA 2.68  
SEB Asset Management Stockholm Sweden 2.68  
Camden Asset Management CA USA 2.65  
West Face Capital Toronto Canada 2.60  
Columbia Management Investment Advisers/J & W Seligman NY USA 2.59  
Emerging Sovereign Group NY USA 2.50  
Kingdon Capital Management NY USA 2.50  
Parvus Asset Management London UK 2.50 **
Pennant Management WI USA 2.50  
Tyrus Capital LLP London UK 2.50  
Valiant Capital Partners CA USA 2.50 **
Thames River London UK 2.50  
Calamos Asset Management IL USA 2.48 **
Fore Research & Management NY USA 2.47  
NWI Management NY USA 2.45  
JGP Global Gestao De Recursos Rio de Janiero Brazil 2.40  
Cadian Capital Management NY USA 2.40 **
Conatus Capital Management CT USA 2.30  
Diamondback Capital Management CT USA 2.30  
FX Concepts NY USA 2.30  
Oaktree Capital Management CA USA 2.30 *
Q Investments TX USA 2.30 **
Stark Investments WI USA 2.30  
Vermillion Asset Management NY USA 2.30  
Whitebox Advisors MN USA 2.30  
Cazenove London UK 2.29  
Odey Asset Management London UK 2.26  
PAR Capital Management MA USA 2.22 **
Balestra Capital NY USA 2.20  
Cyrus Capital Management NY USA 2.20 **
Karsch Capital Management NY USA 2.20  
Solus Alternative Asset Management NY USA 2.20  
Aviva Investors London / Melbourne UK / Australia 2.18 **
Jabre Capital Partners Geneva Switzerland 2.13  
TT International London UK 2.11  
Azentus Capital Management Central Hong Kong 2.10 **
Zweig-DiMenna Associates NY USA 2.10  
Ivory Investment Management CA USA 2.07  
Threadneedle London UK 2.06  
Apollo Management NY USA 2.00  
Bridger Management NY USA 2.00 **
P. Schoenfeld Asset Management NY USA 2.00  
Seminole Management Company NY USA 2.00  
Tiger Consumer NY USA 2.00  
Valinor Management NY USA 2.00 **
Gruss & Co. NY USA 1.99  
Prophet Capital Asset Management TX USA 1.98  
BBT Capital Management TX USA 1.98  
Alyeska Investment Group IL USA 1.97  
GSA Capital Partners London UK 1.95  
Alpine Associates NJ USA 1.94  
Hoplite Capital Management NY USA 1.92  
AllianceBernstein NY USA 1.90 **
Horizon Asset Ltd London UK 1.90 **
JAT Capital Management NY USA 1.90  
Paloma Partners CT USA 1.90  
Southpoint Capital Advisors NY USA 1.90  
BlueBay Asset Management London UK 1.89  
Alydar Partners MA USA 1.88 *
GAM London UK 1.88  
IKOS Asset Management Limassol Cyprus 1.87  
KLS Diversified NY USA 1.86  
Linden Advisors NY USA 1.83  
III Offshore Advisors FL USA 1.83  
Alden Global Capital NY USA 1.80  
Christofferson Robb & Company London UK 1.80  
Highline Capital Management NY USA 1.80 *
Impala Asset Management CT USA 1.80  
Kleinheinz Capital Partners TX USA 1.80 *
Kylin Partners, LLC NY USA 1.80 **
Pelham Capital Management London UK 1.80  
Pentwater Capital Management IL USA 1.80  
Prime Capital Management Co Ltd Central Hong Kong 1.80 **
Strategic Value Partners CT USA 1.80 *
Dexia Luxembourg / Paris Luxembourg / France 1.78  
Gramercy Advisors CT USA 1.75  
Asian Century Quest NY USA 1.74  
Capstone Investment Advisors NY USA 1.74  
Autonomy Capital NY USA 1.70  
Vinci Partners Rio de Janeiro Brazil 1.70  
Prologue Capital London UK 1.69  
Merchants' Gate Capital NY USA 1.68 **
Gracie Capital NY USA 1.67  
Seatown Holdings Singapore Singapore 1.67 **
Guggenheim Partners NY USA 1.67 **
Wolverine Asset Management IL USA 1.67  
OrbiMed Advisors NY USA 1.66  
Galena Asset Management London UK 1.65 **
Porter Orlin NY USA 1.65  
Providence Investment Management RI USA 1.63  
Moneda Asset Management Santiago Chile 1.63  
Polar Securities Toronto Canada 1.62  
LIM Advisors Limited Central Hong Kong 1.62  
Atlantic Investment Management NY USA 1.60  
Corvex Management NY USA 1.60  
Highland Capital Management TX USA 1.60  
Millburn Ridgefield CT USA 1.60  
Pacific Alliance Asia Opportunity Fund Central Hong Kong 1.60 **
Pivot Capital Monte Carlo Monaco 1.59  
Schroder Investment Management Limited Singapore Singapore 1.58  
Macquarie Investment Management Limited Sydney Australia 1.58  
Waterstone Capital Management MN USA 1.58  
Oak Hill Advisors NY USA 1.57  
Finisterre Capital London UK 1.55  
Aristeia Capital NY USA 1.54  
LibreMax Partners NY USA 1.53  
GAP Asset Management Rio de Janiero Brazil 1.52  
Sandler Capital Management NY USA 1.52  
Armajaro Asset Management London UK 1.51  
Broad Peak Investment Advisers Pte Ltd Singapore Singapore 1.50 **
Doubleline Capital CA USA 1.50  
Everest Capital Limited FL USA 1.50  
Investcorp Investment Advisers MN USA 1.50  
New Mountain Vantage NY USA 1.50  
Weintraub Capital Management CA USA 1.50 **
VR Advisory Moscow Russia 1.48  
Moon Capital Management NY USA 1.48  
Libra Advisors NY USA 1.45  
Vantage Investment Management Black River Mauritius 1.43  
Candlewood Investment Group NY USA 1.42  
Jupiter Asset Management London UK 1.41  
Cantab Capital Partners Cambridge UK 1.40  
Elm Ridge Capital Management NY USA 1.40  
Janchor Partners Central Hong Kong 1.40 **
Tremblant Capital Group NY USA 1.40  
Artemis Investment Management London UK 1.40  
M.D. Sass NY USA 1.37  
Hudson Bay Capital Management NY USA 1.35 *
Weiss Multi-Strategy Advisors NY USA 1.33  
Scoggin Capital Management NY USA 1.32  
Waterfall Asset Management NY USA 1.32  
Autonomy Capital Research London UK 1.30 **
First Eagle Investment Management NY USA 1.30  
Ionic Capital Management NY USA 1.30  
Miura Global NY USA 1.30  
Theleme Partners London UK 1.30  
Watershed Asset Management CA USA 1.30  
AAA Capital Management Advisors TX USA 1.30  
JHL Capital Group IL USA 1.29  
Mount Lucas Management PA USA 1.28  
BNY Mellon ARX Investimentos Rio de Janiero Brazil 1.23  
Tufton Oceaninc London UK 1.22  
Litespeed Partners NY USA 1.21  
Lucidius London UK 1.21  
Prosperity/Seligson Moscow Russia 1.21  
Axial Capital Management NY USA 1.20 **
Blue Harbour CT USA 1.20 **
Falcon Edge Capital Management NY USA 1.20  
Hound Partners NY USA 1.20 **
QFS Asset Management CT USA 1.20  
Traxis Partners NY USA 1.20  
Weiss Capital Management MA USA 1.17 *
Rockhampton Management (Hong Kong) Limited Central Hong Kong 1.16 **
Tiger Asia Management NY USA 1.16  
Boronia Capital Crows Nest Australia 1.16  
Kapstream Capital Sydney Australia 1.15  
Altis Partners Jersey Channel Islands 1.15  
Sprott Asset Management Toronto Canada 1.15 *
Metacapital Management NY USA 1.15  
Danske Capital Copenhagen Denmark 1.15  
Ichigo Asset Management International, Pte. Ltd Singapore Singapore 1.14 **
Amplitude Capital AG Zug Switzerland 1.14  
Mako Investments London UK 1.14  
Boussard & Gavaudan Asset Management London UK 1.13  
Trilogy Financial Partners CT USA 1.13  
Apex Capital CA USA 1.13  
HighSide Capital Management TX USA 1.12  
Gates Capital Management NY USA 1.12  
Concordia Advisors NY USA 1.10  
Czech Asset Management CT USA 1.10  
Hayman Capital Management TX USA 1.10 **
Hutchin Hill Capital NY USA 1.10  
Loomis, Sayles & Company MA USA 1.08  
Neuberger Berman Group NY USA 1.08 *
Columbus Circle Investors CT USA 1.08  
HSBC Global Asset Management London / Singapore UK / Singapore 1.08  
Symphony Asset Management CA USA 1.07  
Argonaut Capital Management NY USA 1.07  
Regal Funds Management Pty Ltd Sydney Australia 1.04  
Southpaw Asset Management CT USA 1.03  
Kaiser Trading Group Pty Ltd Melbourne Australia 1.02  
Taylor Woods Capital CT USA 1.01  
Adelphi London UK 1.01  
Bronson Point Management CT USA 1.01  
Amber Capital Management NY USA 1.01  
Toscafund London UK 1.01 **
Serengeti Asset Management NY USA 1.00  
Dialectic Capital Management NY USA 1.00 **
Ospraie Management NY USA 1.00  
Realm Partners NY USA 1.00 **
TIG Advisors NY USA 1.00 **
Total 364   1847.50

Asset figures include hedge fund UCITS
* as of June 30th
** estimate

Footnotes: 1-JP Morgan 2-BlackRock, 3-Adage, 4-Avenue, 5-Fortress, 6-Mariner, 7-Cerberus, 8-Caxton, 9-Trian, 10-III
[1] Assets include both those of JP Morgan Asset Management ($28 billion) and Highbridge Capital Management ($15.2 billion).
[2] Assets include several opportunistic funds that are closed to new capital and have fixed terminal dates.
[3] Assets may include some long-only assets.
[4] Assets include some private equity funds that Avenue considers to be hedge funds
[5] Does not include hybrid private equity fund assets, some of which Fortress considers to be hedge funds.
[6] Assets include those of Mariner as well as its associated entities.
[7] Assets include special purpose vehicles as well as a managed account. It does not include certain funds raised but not closed and other managed funds, private-equity-format, real estate and lending funds.
[8] As of January 1, 2012, Caxton Associates LP no longer includes the assets of A.R.T. International and Caxton HAWK (Diversified) in the firm's AUM.
[9] Assets exclude approximately $1.1 billion in long-only drawdown funds which invest in parallel with Trian's hedge funds.
[10] Assets include long investments in structured products which are considered to be alternative investment products by III Offshore Advisors





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