Study: Hedge Funds by City
Hedge Funds in Boston
Last updated November 9, 2026
SEC Form ADV, filings through Oct 1, 2026. Boston ranks number 4 of the eight cities by the number of managers.
- New York603$4.26TN
- San Francisco72$207.0BN
- Miami111$1.39TN
- Chicago67$411.5BN
- Dallas53$98.6BN
- Boston88$522.4BN
- Los Angeles66$89.1BN
- Connecticut137$1.13TN
SEC Form ADV, filings through Oct 1, 2026. Counted on each city's page.
The 50 largest hedge funds in Boston
Ranked by private fund gross assets as filed on Form ADV. Each name opens the firm's SEC record. A firm that files through more than one adviser is one row, carried by its larger filing; the others are named under it with their own figures and never added.
| Rank | Firm | Private fund gross assets | Regulatory AUM | Main office | Hedge funds | Form ADV filed |
|---|---|---|---|---|---|---|
| 1 | Arrowstreet CapitalFiled as Arrowstreet Capital, Limited Partnership | $173.2BN | $351.3BN | Boston, MA | 39 of 39 | Apr 2026 |
| 2 | Bracebridge Capital | $114.9BN | $100.3BN | Boston, MA | 12 of 12 | Mar 2026 |
| 3 | Adage Capital Management | $70.4BN | $70.4BN | Boston, MA | 1 of 1 | Mar 2026 |
| 4 | The Baupost Group | $24.7BN | $24.7BN | Boston, MA | 12 of 12 | Mar 2026 |
| 5 | Numeric InvestorsAlso files: MAN Investment Partners (US) ($2.6BN), MAN Solutions ($12.4BN) | $18.4BN | $94.4BN | Boston, MA | 25 of 25 | Aug 2026 |
| 6 | Weiss Asset Management | $15.6BN | $15.6BN | Boston, MA | 2 of 2 | Mar 2026 |
| 7 | Abrams Capital Management | $13.7BN | $13.7BN | Boston, MA | 8 of 8 | Mar 2026 |
| 8 | Whale Rock Capital Management | $13.0BN | $13.0BN | Boston, MA | 8 of 8 | Jun 2026 |
| 9 | MFN Partners Management | $12.4BN | $12.4BN | Boston, MA | 1 of 1 | Mar 2026 |
| 10 | Panagora Asset Management | $6.1BN | $44.1BN | Boston, MA | 9 of 9 | Mar 2026 |
| 11 | Millstreet Capital Management | $5.2BN | $5.8BN | Boston, MA | 1 of 1 | Mar 2026 |
| 12 | Finepoint Capital | $5.0BN | $5.0BN | Boston, MA | 2 of 2 | Mar 2026 |
| 13 | Ghisallo Capital Management | $4.9BN | $4.9BN | Boston, MA | 3 of 3 | Aug 2026 |
| 14 | Hill City Capital | $4.9BN | $4.9BN | Boston, MA | 1 of 2 | Apr 2026 |
| 15 | Stockbridge Investors | $4.6BN | $5.4BN | Boston, MA | 1 of 1 | May 2026 |
| 16 | Denham Capital Management | $3.2BN | $5.3BN | Boston, MA | 7 of 9 | Mar 2026 |
| 17 | Matrix Capital Management Company | $2.3BN | $2.3BN | Portsmouth, NH | 1 of 2 | Mar 2026 |
| 18 | Hite Hedge Asset Management | $1.8BN | $2.2BN | Braintree, MA | 4 of 4 | Mar 2026 |
| 19 | Rose Grove Capital Management | $1.8BN | $1.9BN | Wellesley, MA | 4 of 4 | Mar 2026 |
| 20 | Valence8 | $1.7BN | $1.9BN | Cambridge, MA | 4 of 8 | Mar 2026 |
| 21 | Shellback Capital | $1.6BN | $1.6BN | Boston, MA | 1 of 1 | Mar 2026 |
| 22 | PAR Capital Management | $1.5BN | $1.5BN | Boston, MA | 1 of 1 | Mar 2026 |
| 23 | Catholic Investment Services | $1.5BN | $1.5BN | Boston, MA | 7 of 7 | Jun 2026 |
| 24 | Johcm (USA) | $1.3BN | $8.9BN | Boston, MA | 4 of 7 | Sep 2026 |
| 25 | Solel Partners | $1.2BN | $1.2BN | Boston, MA | 1 of 1 | Mar 2026 |
| 26 | Telemark Asset Management | $1.1BN | $1.1BN | Boston, MA | 1 of 1 | Mar 2026 |
| 27 | Diametric Capital | $993MM | $1.4BN | Boston, MA | 2 of 2 | Oct 2026 |
| 28 | Callodine Capital Management | $955MM | $2.0BN | Boston, MA | 1 of 2 | Sep 2026 |
| 29 | Silverarc Capital Management | $935MM | $1.6BN | Boston, MA | 2 of 3 | Mar 2026 |
| 30 | Miri Capital Management | $930MM | $930MM | Boston, MA | 3 of 3 | Mar 2026 |
| 31 | Alphasimplex Group | $860MM | $3.1BN | Boston, MA | 1 of 1 | Mar 2026 |
| 32 | Opaleye Management | $789MM | $803MM | Boston, MA | 1 of 1 | Feb 2026 |
| 33 | Kaleidoscope Capital | $715MM | $706MM | Boston, MA | 3 of 3 | Apr 2026 |
| 34 | Verdad Advisers | $693MM | $1.2BN | Boston, MA | 7 of 7 | Oct 2026 |
| 35 | Sirios Capital Management | $691MM | $937MM | Boston, MA | 3 of 3 | Sep 2026 |
| 36 | Boston Partners | $584MM | $116.2BN | Boston, MA | 2 of 4 | Jun 2026 |
| 37 | Invenomic Capital Management | $548MM | $3.4BN | Boston, MA | 2 of 2 | Mar 2026 |
| 38 | Martingale Asset Management | $490MM | $4.2BN | Boston, MA | 1 of 2 | Mar 2026 |
| 39 | Tensor Edge Capital | $481MM | $585MM | Boston, MA | 1 of 1 | Sep 2026 |
| 40 | Square Circle IA | $449MM | $449MM | Boston, MA | 2 of 2 | Mar 2026 |
| 41 | Portolan Capital Management | $448MM | $2.0BN | Boston, MA | 3 of 3 | Apr 2026 |
| 42 | East Bridge Capital Management | $442MM | $442MM | Boston, MA | 2 of 2 | Feb 2026 |
| 43 | Barca Capital | $395MM | $439MM | West Newton, MA | 1 of 1 | Mar 2026 |
| 44 | Loon Lake Capital Management | $336MM | $336MM | Boston, MA | 1 of 1 | Apr 2026 |
| 45 | Shawspring Partners | $306MM | $439MM | Boston, MA | 1 of 1 | Sep 2026 |
| 46 | Kaname Capital | $298MM | $320MM | Boston, MA | 1 of 1 | Apr 2026 |
| 47 | Game Creek Capital | $249MM | $329MM | Boston, MA | 2 of 2 | Apr 2026 |
| 48 | Worldly Partners Management | $227MM | $227MM | Needham, MA | 1 of 1 | Sep 2026 |
| 49 | Global Delta Capital | $225MM | $225MM | Somerville, MA | 1 of 1 | Apr 2026 |
| 50 | P/E Global | $210MM | $1.7BN | Boston, MA | 2 of 2 | Mar 2026 |
Hedge funds by city: the eight places compared
Each place counts the managers whose Form ADV main office is there. Select a city to open its page.
- Hedge funds in New York$4.26TN filed603
- Hedge funds in Connecticut$1.13TN filed137
- Hedge funds in Miami$1.39TN filed111
- Hedge funds in Boston$522.4BN filed88
- Hedge funds in San Francisco$207.0BN filed72
- Hedge funds in Chicago$411.5BN filed67
- Hedge funds in Los Angeles$89.1BN filed66
- Hedge funds in Dallas$98.6BN filed53
Where in Boston the managers are
The towns of the main offices, as filed. The area is the Boston metro area (Boston-Cambridge-Newton, MA-NH, Census CBSA 14460).
- Boston66
- Wellesley3
- Cambridge2
- Portsmouth2
- Somerville2
- Beverly1
- Braintree1
- Burlington1
Of the 88 managers in Boston.
Managers by size
Private fund gross assets as filed. Most managers are small; a few hold most of the assets.
- $10BN and up9 ($456.4BN)
- $1BN to $10BN17 ($49.9BN)
- $100MM to $1BN37 ($15.2BN)
- Under $100MM25 ($1.0BN)
Of the 88 managers in Boston; 13 of them are exempt reporting advisers, which file Form ADV without registering.
How this research is used
These listsRaise CapitalMap the Market
Raise Capital
For managers raising a fund: we find the investors who can write your check, and get you in the room with them.
Map the Market
A market map of the managers in one strategy or one place, with a short list.
How this study is made
- Who counts. A hedge fund manager here is an adviser whose private funds are half or more hedge funds by its own Form ADV (Schedule D), with its main office in the Boston metro area (Boston-Cambridge-Newton, MA-NH, Census CBSA 14460). An exempt reporting adviser counts only when its filing lists a website.
- How they are ranked. By the private fund gross assets each manager files; regulatory AUM is shown and does not set the rank. Figures are as filed, with the month of the filing.
- One kind per firm. A firm our other lists or rankings already place as another kind of investor is not counted here. Left out: 19 whose kind on our lists or rankings is another kind (7 private equity firms, 6 traditional managers, 4 wealth managers, 1 multi-strategy manager and 1 other business); 4 whose filed name names another kind of business (such as credit, lending, real estate, infrastructure, wealth or venture); 1 that file 100 or more individual clients with financial planning and that we have not read.
- One business, one row. Advisers of one business (the same website or company page on Form ADV, a name their own site carries in one town, or a pair we read by hand) are one row, carried by the larger filing and its figure, never added, and shown once, in the place of that filing; 2 folded on this page.
- Names. Firm names only, as the firm trades; no person, contact or street address is shown.
The rows are free to use with credit under CC BY 4.0. Download the rows as CSV.
Cite as: Praxis Rock Advisors, "Hedge Funds in Boston," updated November 9, 2026, praxisrock.com/insights/hedge-funds-boston.
| Figure | Source | Period, read |
|---|---|---|
| Firms, main offices, regulatory AUM, private fund gross assets, fund counts by type, filing dates | SEC Form ADV monthly file, registered advisers | Filings through Oct 1, 2026; read Oct 31, 2026 |
| The same fields for exempt reporting advisers | SEC Form ADV monthly file, exempt reporting advisers | Filings through Oct 1, 2026; read Oct 31, 2026 |
| Each row's filing | SEC Investment Adviser Public Disclosure, linked on each row | As filed |
| The kind of each firm (one kind per firm across our lists) | Our lists, rankings and the firm reads behind them, and each firm's own site where we read it | As read by Nov 9, 2026 |
| The place of each main office | HUD ZIP code to county file and the Census metro area definitions (July 2023) | As our place lists use them |
Frequently Asked Questions
How many hedge funds are in Boston?
88 hedge fund managers with a main office in the Boston metro area file Form ADV with the SEC and run private funds that are half or more hedge funds (SEC monthly adviser files, filings through October 1, 2026). Together they report $522.4BN of private fund gross assets. Managers that file only with a state, and offices of managers based elsewhere, are not in this count.
What is the largest hedge fund in Boston?
Arrowstreet Capital, with $173.2BN of private fund gross assets on its Form ADV filed Apr 2026. The next largest are Bracebridge Capital ($114.9BN) and Adage Capital Management ($70.4BN).
How are the hedge funds on this list ranked?
By the private fund gross assets each manager reports on Form ADV (Schedule D). Gross assets count what the funds borrow, so they run above the money investors put in. Regulatory AUM is shown beside it and does not set the rank.