Power list

More blockbuster growth as the segment continues to expand in the first half of 2026

AQR rise crowns a comeback by founder Cliff Asness

Ranking and intelligence update on the 69 firms with $10bn or more in hedge fund strategies

Millennium, Citadel lead 12-strong group dominating in-demand sector

The full $10bn+ ranking and analysis covering global hedge fund firms is available to AFI annual members

Top 66 firms managing $1.79trn between them at the start of 2025

Performance drives another year of growth for the largest multi-strategy operators

Top 66 firms managing $1.77trn between them at the start of 2024

Three of industry's top ten firms are multi-strat operators

Multi-strat operators grow in prominence, with 15% of assets among $10bn-plus hedge fund managers using this approach