Assets of Top 200 New York Metro Area Hedge Funds up more than 6% in latest HedgeTracker list

January 11th, 2014
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The top NYC hedge funds increased assets by more than $42 billion over the last quarter and now oversee greater than $715 billion, according to the latest Top 200 New York Hedge Fund list from HedgeTracker. Impressively, 41 of the top 50 funds saw their assets grow during the third quarter, amounting to an average gain of more than $860 million.

Twelve hedge funds on the list saw their equity assets jump by more than $1 billion over the last quarter. Leading the top gainers are Icahn Associates (+$3.1B), Renaissance Technologies Corporation (+$3.1B), and D.E. Shaw & Co. (+$2.8B).

The Top 200 New York Hedge Fund list welcomes twelve new hedge funds to the list. Apollo Capital Management (#91) was the only new entrant that succeeded in breaking into the top 100, reporting equity assets totaling more than $1.9 billion. Nine Chapters Capital Management LLC, a quant fund based in Short Hills, NJ, and Saba Capital Management LP, a long/short credit fund located in New York, both landed in the top 170.

Midtown Manhattan retained its position as the hedge fund capital of the world housing 159 of the top 200 funds. In fact, just two midtown zip codes (10019 and 10022) are home to 83 of the top 200 NYC area hedge funds. Hedge funds with offices in 10022, which is home to a number of the industry’s powerhouses such as Renaissance Technologies, Paulson & Co., Coatue Capital, and Third Point, manage 22% of the list’s total equity assets.

Notably, 41 hedge funds on the list are headquartered outside of Manhattan. These suburban based hedge funds, which oversee nearly $170B in assets, are primarily based in the Connecticut suburbs. The top Connecticut hedge funds on the list were AQR Capital Management LLC (#3 on the list), Steve Mandel’s Lone Pine Capital (#7) and Andreas Halvorsen’s Viking Global Investors (#8). The top metro area suburb was once again Greenwich with 17 funds, followed by Westport and Stamford, with 4 and 3 funds, respectively.

HedgeTracker releases a series of top hedge fund lists on a quarterly basis. To view the Top 200 New York Hedge Fund list in its entirety, please visit the Top Hedge Fund List Premium Directory.
For Detailed Investor Profiles on these Investors, click below:
AQR Capital Management LLC
Coatue Capital
D.E. Shaw & Co
Icahn Associates (Carl Icahn)
Lone Pine Capital
Paulson & Co.
Renaissance Technologies Corporation
Saba Capital Management LP
Third Point Management Company
Viking Global Investors
Nine Chapters Capital Management LLC
Related People: Peter Brown; Robert L. Mercer; Alexander J. Denner; Andreas Halvorsen; Andrew Hoine; Anne Dinning; Boaz Weinstein; Brett Icahn; Brian Olson*; Carl Icahn; Chao Ku; Clifford Asness, Ph.D.; Daniel Loeb; David Craver; David E. Shaw; David G. Kabiller; David Ott; David Scully (CMO); Eric Wepsic; George Pan; James L. Carruthers*; Jeremy Benkiewicz; Jim Simons; John M. Liew; John Paulson; Julius Gaudio; Keith A. Meister*; Kerry Tyler; Louis Salkind; Mala Gaonkar; Marco Tablada; Max Stone; Mena Gerowin*; Mike Barr; Munib Islam; Paul Andiorio; Peter Myers; Philippe Laffont; Robert J. Krail; Robert Schwartz; Sheru Chowdhry; Steve Mandel; Steve Mandel; Stuart Merzer; Stuart Steckler(retired)*; Thomas Laffont; Tim Lash; Xiaoyu Yang
Related Entities: Nine Chapters Systematic International; Nine Chapters Systematic US Fund; AQR Absolute Return Master; AQR Delta Master Account; AQR Global Asset Allocation; AQR Global Equity Master; AQR Global Stock Selection; AQR International Equity Fund; AQR RC Equity International; AQR Small Cap Value Fund LP; Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; D. E. Shaw Oculus Portfolios, LLC; D. E. Shaw Valence Portfolios; D.E. Shaw Group; D.E. Shaw Investment Management; DE Shaw Heliant Fund; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; Lone Balsam LP; Lone Cascade; Lone Cypress Funds; Lone Dragon Pine; Lone Juniper; Lone Pine Capital (LPC); Lone Pine Sierra LP; Lone Sequoia LP; Lone Spruce LP; Medallion; Nine Chapters Systematic Master Fund; Nova; Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Saba Capital II; Saba Capital Intermediate Fund LTD; Saba Capital Master Fund; Saba Capital Partners LP; Saba trading unit at Deutsche Bank*; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures; Tiger Management*; Tiger Management*; Viking Global Equities; Viking Global Equities III; Viking Global Investors LP
Related Article Tags: Investment Management, Fund Manager and General Financial News


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