NYC’s Largest Hedge Funds squeak out Quarterly Gain; The 10022 Zip Code Dominates

March 28th, 2016
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The Top New York Hedge Funds overcame a tough quarter by squeaking out a 0.3% gain. This past quarter’s positive performance was driven by an elite group of 29 hedge funds who all saw their assets increase by more the $500 million each. Leading the top gainers are industry stalwarts AQR Capital, Renaissance Technologies, and Tiger Global. Overall, the top 100 NYC funds now manage $775 billion in equity assets.

Not surprisingly, Manhattan retained its position as the hedge fund capital of the world, housing 82 of the top 100 NYC funds. Once again midtown’s 10022 zip code was dominant, claiming the offices for 33 of the top 100 hedge funds. Hedge funds in 10022, which is home to a number of the industry’s stalwarts such as Renaissance Tech, Coatue Capital, and Third Point, now manage 25% of the list’s total assets.

Among the emerging managers on this quarter’s top 100 NYC hedge funds list is James Crichton’s Hitchwood Capital. Notably, Hitchwood is also a top ranked fund on HedgeTracker’s Top Tech, Telecom and Media Hedge Fund List, allocating greater than 51% of its $1.7 billion in total assets to TMT stocks.

Hedge Tracker 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 Hedge Tracker’s Premium Hedge Fund Portal.
For Detailed Investor Profiles on these Investors, click below:
Coatue Capital
Hitchwood Capital Management
Renaissance Technologies Corporation
Third Point Management Company
Tiger Global Management
Related People: Peter Brown; Robert L. Mercer; Chase Coleman; Daniel Loeb; David Sanford; David Scully (CMO); Feroz Dewan; Guy Baron; James Crichton; James L. Carruthers*; Jim Simons; Julian Robertson; Lu Chen; Michael Wrick; Munib Islam; Neeraj Chandra; Philippe Laffont; Robert Schwartz; Thomas Laffont; Tim Lash
Related Entities: Coatue Capital; Coatue Offshore funds; Coatue Qualified Partners LP; Hitchwood Capital ll; Hitchwood Capital Ltd; Hitchwood Capital Master Fund; Medallion; Nova; Renaissance Institutional Equities Funds; Renaissance Institutional Management LLC; Renaissance Technologies LLC; Rentec; Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures; Tiger Global Funds; Tiger Management Corporation; Tiger Technology LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings


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