These are the 20 biggest hedge funds in the world

Hedge funds are a huge force in the financial world but they’re not always the most transparent.

Below is a list of the 20 largest hedge funds by gross assets covered by data compiler Graypools.

The figures were drawn from regulatory filings prepared by the firms themselves for the end of the second quarter this year.

Hedge funds don’t lend themselves to pictures so, to stop this slideshow becoming a series of unmarked doorways and office buildings, we’ve gone with hedges.

20: Moore Macro Managers Fund Ltd. has $20.91 billion assets and is based in the US.

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Moore Macro Managers Fund is a hedge fund launched by Moore Capital Management, which was founded in 1989 by Louis Moore Bacon. The company is a macro investor, which means it looks at big economic and monetary themes.

9: Citadel Global Equities Master Fund Ltd has $37.46 billion in assets and is based in the US.

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Citadel is a Chicago headquartered hedge fund manager, founded by billionaire Kenneth Griffin in 1990.

3: Black River Firv Opportunity Master Fund Ltd. has $63.05 billion in assets and is based in the US.

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Black River is a global asset management firm formed in 2003. It's a subsidiary of Cargill, one of the world's biggest food, agricultural and industrial products companies.

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