Market Structure·Bar·10 Jun 2026
Multi-Strategy Hedge Funds Have Become Systemically Large
Estimated combined AUM of the five largest multi-strategy pod shops (Citadel, Millennium, Point72, DE Shaw, Balyasny), USD billions, 2015–2026E
Source HFR Industry Reports; FINRA AUM Data; Bloomberg Money Stuff, 9 June 2026
2026E reflects analyst consensus estimate as of June 2026. Figures represent estimated combined AUM for the five largest platforms pending full verification against fund disclosures.