Top 25 Real Estate Hedge Funds 2021 - Largest Hedge Funds by AUM (2024)

2021 Top 25 Largest Real Estate Hedge Funds Overview

The 25 largest real estate hedge funds manage $286.8 billion in assets as of early 2021. 84% of the top real estate hedge funds are based in the United States. 32% of the largest real estate funds are based in New York.

With $61 billion in AUM, Cerberus Capital Management is the largest real estate hedge fund manager in 2021. Angelo Gordon and Oaktree Capital Management rank two and three, respectively, among the biggest real estate hedge funds.

Real estate funds invest in residential and commercial real estate and land in a number of ways, but the most common is through real estate securities such as REITs.

The below list of top real estate hedge funds includes hedge fund companies operating at least one hedge fund vehicle investing in real estate.

List of the 25 biggest real estate hedge funds for 2021 ranked by assets under management (AUM)

Rank Fund Name City Country AUM Other Strategies
1.0 Cerberus Capital Management New York United States 61,347.7 Credit, Real Estate, Private Equity
2.0 Angelo Gordon & Co. New York United States 56,276.9 Real Estate, Fixed Income, Managed Futures, Multi Strategy
3.0 Oaktree Capital Management Los Angeles United States 38,350.0 Fixed Income, Real Estate, Distressed Assets
4.0 Almanac Realty Investors, LLC New York United States 24,546.1 Real Estate
5.0 CarVal Investors Minneapolis United States 15,734.0 Fixed Income, Real Estate
6.0 LaSalle Investment Management Chicago United States 14,321.1 Real Estate
7.0 Brummer and Partners Stockholm Sweden 14,200.0 Long/Short, Multi Strategy, Global Macro, Managed Futures
8.0 Lazard Alternatives New York United States 14,120.0 Multi Strategy, Real Estate, Long/Short
9.0 Rockpoint Group Boston United States 12,879.6 Real Estate
10.0 Rockwood Capital San Francisco United States 8,218.7 Real Estate
11.0 Guggenheim Capital Markets New York United States 4,640.9 Multi Strategy, Fixed Income, Real Estate
12.0 Stockbridge San Francisco United States 3,931.5 Real Estate
13.0 Blue Ridge Capital Atlanta United States 2,880.9 Real Estate
14.0 Contrarian Capital Management Greenwich United States 2,755.2 Multi Strategy, Distressed Assets, Real Estate, Emerging Markets
15.0 Dune Real Estate Partners New York United States 2,747.2 Real Estate
16.0 Cheyne Capital London United Kingdom 2,007.9 Real Estate, Fixed Income, Long/Short, Convertibles
17.0 Avanath Capital Management, LLC Irvine United States 1,896.9 Real Estate
18.0 Blue Vista Capital Partners Chicago United States 1,704.6 Real Estate
19.0 Aether Investment Partners Denver United States 1,222.8 Real Estate, Commodities, Fund of Funds
20.0 Avenue Capital Group New York United States 898.2 Real Estate, Fixed Income, Managed Futures
21.0 Gordian Capital Singapore Singapore 688.5 Fund of Funds, Long/Short, Global Macro, Real Estate
22.0 Farallon Capital Management San Francisco United States 505.4 Multi Strategy, Arbitrage, Real Estate
23.0 Equity Resource Investments Cambridge United States 403.0 Real Estate
24.0 Toscafund Asset Management London United Kingdom 289.0 Long/Short, Event Driven, Real Estate, Credit
25.0 GoldenTree Asset Management New York United States 282.6 Credit, Absolute Returns, Real Estate

Top 25 Real Estate Hedge Funds 2021 - Largest Hedge Funds by AUM (2024)

FAQs

Top 25 Real Estate Hedge Funds 2021 - Largest Hedge Funds by AUM? ›

Having $100 million will get you noticed by institutional investors. In general, hedge funds can only operate successfully with large amounts of assets under management due to the powers of leverage and economies of scale.

What is a good AUM for a hedge fund? ›

Having $100 million will get you noticed by institutional investors. In general, hedge funds can only operate successfully with large amounts of assets under management due to the powers of leverage and economies of scale.

Which hedge funds are buying real estate? ›

5 Hedge Funds Investing in Real Estate in 2024
  • Cerberus Capital Management.
  • Angelo Gordon & Co.
  • GoldenTree Asset Management.
  • Farallon Capital Management.
  • Oaktree Capital Management.
  • Final Thoughts.
Feb 29, 2024

What are the top 3 hedge funds? ›

The largest hedge funds in the world include Citadel, Bridgewater, AQR, and D.E. Shaw.
  1. Citadel. Citadel is based in Miami and focuses on five strategies. ...
  2. Bridgewater Associates. ...
  3. AQR Capital Management. ...
  4. D.E. Shaw. ...
  5. Renaissance Technologies. ...
  6. Two Sigma Investments. ...
  7. Elliott Investment Management. ...
  8. Farallon Capital Management.

What city in the US has the most hedge funds? ›

New York City

New York is home to major investment banks, hedge funds, and law firms. It's also a central global player in asset management, with firms managing trillions of dollars in assets, as well as major firms in foreign exchange, financial technology, insurance, and private equity.

What is the 2 20 rule for hedge funds? ›

The 2 and 20 is a hedge fund compensation structure consisting of a management fee and a performance fee. 2% represents a management fee which is applied to the total assets under management. A 20% performance fee is charged on the profits that the hedge fund generates, beyond a specified minimum threshold.

What AUM is considered big? ›

Table 1: The Universe of Hedge Funds Broken down by Size
SizeAuMTotal Number of Funds
SmallUS$10-100m (average US$37m)4,654
Mid-sizedUS$101-500m (average US$232m)2,004
Large>US$500m (average US$693m)787
Super-large10 largest hedge funds (average US$7,721m)10

What is the largest hedge fund in real estate? ›

2021 Top 25 Largest Real Estate Hedge Funds Overview

With $61 billion in AUM, Cerberus Capital Management is the largest real estate hedge fund manager in 2021. Angelo Gordon and Oaktree Capital Management rank two and three, respectively, among the biggest real estate hedge funds.

What is the difference between a hedge fund and a real estate fund? ›

Unlike traditional real estate investments, which often involve direct property ownership, real estate hedge funds employ a range of complex strategies to generate returns. These funds are managed by experienced professionals who use their expertise to navigate the intricacies of the real estate market.

Which is the best real estate mutual fund? ›

AT A GLANCE: Real Estate Mutual Funds in India
Fund NamePerformanceCAGR (2020-2025) [Crisil]
HDFC Real Estate FundSolid Track Record11%
Kotak Real Estate FundConsistent High Returns11%
SBI Real Estate FundGood Performance11%
ICICI Pru Real Estate FundHigh Returns11%

Who are the best performing hedge funds right now? ›

Top Hedge Funds List
Fund Manager3-Year Performance MWTurnover
Scion Asset Management Michael Burry100.66% (26.13% Ann.)75.86%
Encompass Capital Advisors Todd Kantor93.77% (24.67% Ann.)50.72%
Greenlight Capital David Einhorn90.16% (23.89% Ann.)28.26%
Fine Capital Partners Debra Fine87.54% (23.32% Ann.)0.00%
18 more rows

What three hedge funds own everything? ›

Together, BlackRock, Vanguard and State Street have nearly US$11 trillion in assets under management. That's more than all sovereign wealth funds combined and over three times the global hedge fund industry.

Which hedge funds pay the most? ›

Kenneth Griffin

Citadel has now made $74 billion for investors since its inception in 1990, more than any other hedge fund firm.

What is the best state to open a hedge fund in? ›

U.S. hedge funds are established primarily in Delaware because Delaware offers the most advanced business friendly law in the United States. In fact, Delaware's business friendly environment is attractive to companies across the globe, not just hedge funds. Governing law matters.

Who runs the largest hedge fund in the world? ›

Bridgewater Associates

Today Bridgewater is the largest hedge fund in the world and Dalio has a personal fortune of approximately $19 billion.

What is the best city for hedge funds? ›

New York City, NY

The number one city for hedge fund jobs will come as no surprise. New York, New York has long been regarded as the financial and commercial capital of the United States. A city of over 8.3 million inhabitants, it is the home of more Fortune 500 companies than any other city in the U.S.

What is a good AUM size? ›

In the past, maybe Rs 10,000 crore was considered high, today, we have several funds managing in excess of Rs 50,000 crore in a single strategy. So from that context, the fund size has grown, but the overall market has also grown. AUM needs to be looked at from that context.”

What is a reasonable AUM fee? ›

Cost: The median AUM fee among human advisors is about 1% of assets managed per year, often starting higher for small accounts and dropping as your balance goes up. What you get for that fee: Investment management, and in some cases, a comprehensive financial plan and guidance for how to achieve that plan.

What is a high AUM? ›

A firm with a high AUM tells us that it is handling a large amount of capital. An organization with a high AUM makes significant profits on management expenses and fees.

What is the AUM of BlackRock? ›

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

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